Post Utme Futo 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₦1,500,000 - Cash ₦800,000 - Accounts Receivable ₦500,000 - Office Equipment Liabilities: ₦1,000,000 - Accounts Payable What is the current ratio of the company?

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 Futo 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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