Post Utme Covenant University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COVENANT_UNIVERSITY • 2025 • 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 ₦200,000, what is the total amount of its non-current assets?

Answer Options

A. ₦300,000
B. ₦400,000
C. ₦500,000
Correct Answer D. ₦600,000
Correct Answer
D
Correct Option:
₦600,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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