Post Utme Achievers University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. The company's current assets are ₦100,000 and its current liabilities are ₦50,000. What is the company's quick ratio?

Answer Options

Correct Answer A. 1:1
B. 2:1
C. 3:1
D. 4:1
Correct Answer
A
Correct Option:
1:1

About This Question

This is Post Utme Achievers University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support