Post Utme Bowen University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice

Question 3 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows that its total assets are ₦500,000, total liabilities are ₦200,000, and equity is ₦300,000. What is the company's current ratio?

Answer Options

Correct Answer A. 2:1

B. 3:2

C. 1:1

D. 4:3

Correct Answer

Correct Option:

2:1

About This Question

This is Post Utme Bowen University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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