Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

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Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

Hello and Welcome to Commerce Practice Tests - Business Capital and Profits

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
1. 



What is the owner’s equity?

A. N 200,000    B. N 250,000    C. N 300,000    D. N 420,000

2. 



What is the current ratio? (JAMB 1998)

A.4:1      B. 4:5:1      C.5:1      D. 25:5:1

3. 


The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is _______

A. trust certificate     B. detachable warrant     C. mortgage bond     D. convertible securities

4. 


The share capital value that forms part of the balance sheet total is the ______

A. issued share capital
B. called-up share capital
C. authorized share capital
D. paid-up share capital.

5. 



Find the current ratio.

A. 0.50:1     B. 0.87:1     C. 1.53:1     D. 1.85:1

 

 

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