Post Utme Caleb University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice

Question 38 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦100,000 and its current liabilities are ₦50,000, what is the company's quick ratio?

Answer Options

Correct Answer A. 1:1

B. 2:1

C. 3:1

D. 4:1

Correct Answer

Correct Option:

1:1

About This Question

This is Post Utme Caleb University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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