Post Utme Afe Babalola University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2021, is as follows: Assets: ₦1,500,000; Liabilities: ₦800,000; Equity: ₦700,000. What is the company's current ratio?

Answer Options

A. 1.88
Correct Answer B. 2.25
C. 2.50
D. 3.00
Correct Answer
B
Correct Option:
2.25

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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