Post Utme Bells University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, is as follows: Assets: Cash: ₦500,000 Accounts receivable: ₦200,000 Inventory: ₦300,000 Total assets: ₦1,000,000 Liabilities: Accounts payable: ₦150,000 Long-term debt: ₦250,000 Total liabilities: ₦400,000 What is the company's current ratio?

Answer Options

Correct Answer A. 2.5
B. 2.0
C. 1.5
D. 1.0
Correct Answer
A
Correct Option:
2.5

About This Question

This is Post Utme Bells University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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