Post Utme Uniport 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Uniport Accounting examination.

Post Utme Uniport 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNIPORT • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Equity: ₦1,500,000; Liabilities: ₦1,200,000. Calculate the company's gearing ratio.

Answer Options

A. 0.6
Correct Answer B. 0.7
C. 0.8
D. 0.9
Correct Answer
B
Correct Option:
0.7

About This Question

This is Post Utme Uniport 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Uniport Accounting examination.

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