Post Utme Lead City University 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A company has the following balance sheet: Assets: ₦5,000,000 Liabilities: ₦2,000,000 Equity: ₦3,000,000 What is the company's debt-to-equity ratio?

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Lead City University Commerce examination.

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