Post Utme Ksu 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. What does this indicate about the company's liquidity?

Answer Options

Correct Answer A. The company has a high level of liquidity.
B. The company has a low level of liquidity.
C. The company has a moderate level of liquidity.
D. The company has a high level of illiquidity.
Correct Answer
A
Correct Option:
The company has a high level of liquidity.

About This Question

This is Post Utme Ksu 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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