Post Utme Ims U 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦120,000. The company's balance sheet shows a current ratio of 2:1 and a quick ratio of 1:1. What is the company's current assets?

Answer Options

A. ₦240,000
Correct Answer B. ₦300,000
C. ₦360,000
D. ₦420,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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