Post Utme Coal City University 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice

Question 5 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. The company's current assets are ₦500,000, and its current liabilities are ₦200,000. What is the company's quick ratio?

Answer Options

A. 1:1

Correct Answer B. 2:1

C. 3:1

D. 4:1

Correct Answer

Correct Option:

2:1

About This Question

This is Post Utme Coal City University 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.

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