Post Utme Aaua 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦200,000 and its current liabilities are ₦100,000, what is the company's quick ratio?

Answer Options

A. 1:1
Correct Answer B. 1.5:1
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1.5:1

About This Question

This is Post Utme Aaua 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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