Post Utme Delsu 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Delsu Commerce examination.

Post Utme Delsu 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_DELSU • 2018 • COMMERCE • objective

A firm's financial statement shows a net income of ₦200,000 and a total equity of ₦500,000. If the firm has a debt-to-equity ratio of 2:3, what is the total amount of debt the firm has?

Answer Options

A. ₦300,000
B. ₦350,000
C. ₦400,000
Correct Answer D. ₦450,000
Correct Answer
D
Correct Option:
₦450,000

About This Question

This is Post Utme Delsu 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Delsu Commerce examination.

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