Post Utme Futa 2017 Commerce Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Futa Commerce examination.

Post Utme Futa 2017 Commerce Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2017 • COMMERCE • objective

A company's financial statements show a net income of ₦1,500,000 and a total equity of ₦3,000,000. If the company's debt-to-equity ratio is 0.6, what is the amount of its long-term debt?

Answer Options

A. ₦1,800,000
Correct Answer B. ₦2,400,000
C. ₦1,200,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦2,400,000

About This Question

This is Post Utme Futa 2017 Commerce Question 22. It is one of the objective questions from the 2017 Post Utme Futa Commerce examination.

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