Post Utme Covenant University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

A. 1:1
Correct Answer B. 1.5:1
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1.5:1

About This Question

This is Post Utme Covenant University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

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