Post Utme Redeemers University 2024 Commerce Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2024 Commerce Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • COMMERCE • objective

A company's financial leverage ratio is 2:1. If the company's total debt is ₦1,000,000, what is the total value of its assets?

Answer Options

A. ₦1,500,000
Correct Answer B. ₦2,000,000
C. ₦2,500,000
D. ₦3,000,000
Correct Answer
B
Correct Option:
₦2,000,000

About This Question

This is Post Utme Redeemers University 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Redeemers University Commerce examination.

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