Post Utme Rhema University 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following balance sheet: Assets ₦100,000, Liabilities ₦50,000, and Equity ₦50,000. What is the ratio of debt to equity?

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 Rhema University 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Rhema University 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