Post Utme Bells University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 3:2. What is the meaning of this ratio?

Answer Options

Correct Answer A. The company has sufficient liquid assets to meet its short-term obligations
B. The company has insufficient liquid assets to meet its short-term obligations
C. The company has no liquid assets to meet its short-term obligations
D. The company has excess liquid assets to meet its short-term obligations
Correct Answer
A
Correct Option:
The company has sufficient liquid assets to meet its short-term obligations

About This Question

This is Post Utme Bells University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

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