Post Utme Igbinedion University 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 9 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company has a total current assets of ₦1,500,000 and a total current liabilities of ₦750,000, what is the company's quick ratio?

Answer Options

Correct Answer A. 1.5
B. 2.0
C. 1.0
D. 1.2
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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