Post Utme Joseph Ayo Babalola University 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. The company's current assets are ₦200,000 and its current liabilities are ₦100,000. What is the company's quick 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 Joseph Ayo Babalola University 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support