Post Utme Greenfield University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦3,000,000 and a total equity of ₦1,500,000. If the company's current ratio is 2:1, what is the amount of the company's current liabilities?

Answer Options

A. ₦750,000
Correct Answer B. ₦1,000,000
C. ₦1,250,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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