Post Utme Covenant University 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦500,000 and its current liabilities are ₦250,000, 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
A
Correct Option:
1:1

About This Question

This is Post Utme Covenant University 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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