MORADE had total assets of ?760,000, capital stock of ?150,000 and retained earnings of ?215,000.
FINANCIAL
POST UTME OAU
MORADE had total assets of ?760,000, capital stock of ?150,000 and retained earnings of ?215,000. What was Morade’s debt-to-equity ratio?
- A) 2.63
- B) 1.08
- C) 0.52
- D) 0.48
Correct Answer: B) 1.08
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