Post Utme Lead City University 2017 Commerce Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 23 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A company's balance sheet shows that its total assets are ₦5,000,000, its total liabilities are ₦2,000,000, and its equity is ₦3,000,000. What is its debt-to-equity ratio?

Answer Options

A. 0.5
Correct Answer B. 0.67
C. 0.75
D. 1.0
Correct Answer
B
Correct Option:
0.67

About This Question

This is Post Utme Lead City University 2017 Commerce Question 23. It is one of the objective questions from the 2017 Post Utme Lead City University Commerce examination.

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