Post Utme Veritas University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet: ₦500,000 in assets, ₦200,000 in liabilities, and ₦300,000 in equity. Calculate the ratio of debt to equity.

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 Veritas University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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