Post Utme Veritas University 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A company has a debt of ₦10 million and an equity of ₦20 million. If the company's debt-to-equity ratio is 0.5, what is the company's total capital?

Answer Options

A. ₦15 million
B. ₦20 million
Correct Answer C. ₦25 million
D. ₦30 million
Correct Answer
C
Correct Option:
₦25 million

About This Question

This is Post Utme Veritas University 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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