Post Utme Joseph Ayo Babalola University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2022, is as follows: Assets 100,000; Liabilities 50,000; Equity 50,000. What is the company's current ratio?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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