Post Utme Joseph Ayo Babalola University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following balance sheet: Assets \1,500,000, Liabilities \800,000, Equity \700,000. If the company has a 10% dividend payout ratio, what is the company's net income?

Answer Options

A. \70,000
B. \80,000
Correct Answer C. \90,000
D. \100,000
Correct Answer
C
Correct Option:
\90,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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