Post Utme Uniport 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, shows a total equity of ₦500,000 and a total liabilities of ₦800,000. Determine the company's gearing ratio.

Answer Options

A. 0.4
Correct Answer B. 0.5
C. 0.6
D. 0.7
Correct Answer
B
Correct Option:
0.5

About This Question

This is Post Utme Uniport 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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