Post Utme Esut 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦1,500,000 Cash ₦2,000,000 Accounts Receivable ₦3,000,000 Inventory ₦1,000,000 Property, Plant and Equipment Liabilities: ₦1,000,000 Accounts Payable ₦2,000,000 Long-term Debt What is the company's current ratio?

Answer Options

A. 1.5
Correct Answer B. 2.0
C. 2.5
D. 3.0
Correct Answer
B
Correct Option:
2.0

About This Question

This is Post Utme Esut 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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