Post Utme Oau 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company has the following financial statements: Balance Sheet and Income Statement. The Balance Sheet shows Total Assets = ₦500,000 and Total Liabilities = ₦300,000. The Income Statement shows Net Income = ₦150,000. Calculate the Debt-to-Equity Ratio.

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Oau 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support