Post Utme Ims U 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets ₦2,000,000, Liabilities ₦1,200,000, and Equity ₦800,000. What is the company's current ratio?

Answer Options

A. 1.67
Correct Answer B. 2.00
C. 2.50
D. 3.00
Correct Answer
B
Correct Option:
2.00

About This Question

This is Post Utme Ims U 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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