Post Utme Igbinedion University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's financial statements show the following information: ₦1,500,000 in total assets, ₦1,000,000 in total liabilities, and ₦500,000 in total equity. What is the company's debt-to-equity ratio?

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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