Post Utme Ims U 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets ₦2,500,000, Liabilities ₦1,500,000, and Equity ₦1,000,000. What is the company's debt-equity ratio?

Answer Options

A. 1.50
Correct Answer B. 2.00
C. 2.50
D. 3.00
Correct Answer
B
Correct Option:
2.00

About This Question

This is Post Utme Ims U 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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