Post Utme Joseph Ayo Babalola University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's financial statements show a net income of ₦200,000. The company's balance sheet shows a total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's debt-to-equity ratio?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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