Post Utme Afe Babalola University 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the current assets are ₦200,000 and the current liabilities are ₦100,000, calculate the total assets.

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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