Post Utme Ims U 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, is as follows: Assets:£ 500,000 Liabilities:£ 200,000 Equity:£ 300,000 Calculate the current ratio.

Answer Options

Correct Answer A. 2:1
B. 3:1
C. 1:2
D. 4:1
Correct Answer
A
Correct Option:
2:1

About This Question

This is Post Utme Ims U 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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