Post Utme Ims U 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1 and a quick ratio of 1:1. What is the company's acid-test ratio?

Answer Options

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

About This Question

This is Post Utme Ims U 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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