Post Utme Ims U 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, shows the following: - Assets: ₦5,000,000 - Liabilities: ₦2,000,000 - Equity: ₦3,000,000 What is the company's current ratio?

Answer Options

Correct Answer A. 2:1
B. 3:1
C. 4:1
D. 5:1
Correct Answer
A
Correct Option:
2:1

About This Question

This is Post Utme Ims U 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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