Post Utme Caleb University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company has ₦1,500,000 in current assets and ₦750,000 in current liabilities, what is the company's quick ratio?

Answer Options

Correct Answer A. 1.5
B. 1.2
C. 1.0
D. 0.8
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Caleb University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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