Post Utme Afe Babalola University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦150,000 and its current liabilities are ₦75,000, what is the company's quick ratio?

Answer Options

Correct Answer A. 1.5
B. 2.5
C. 3.5
D. 4.5
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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