Post Utme Summit University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following balance sheet: Assets ₦5,000,000, Liabilities ₦2,000,000, and 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 Summit University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Summit 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