Post Utme Ksu 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_KSU • 2021 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2022, is as follows: Assets: Cash: ₦50,000 Accounts Receivable: ₦20,000 Inventory: ₦30,000 Total Assets: ₦100,000 Liabilities: Accounts Payable: ₦15,000 Long-term Debt: ₦25,000 Total Liabilities: ₦40,000 What is the company's current ratio?

Answer Options

Correct Answer A. 2.5
B. 2.5
C. 2.5
D. 2.5
Correct Answer
A
Correct Option:
2.5

About This Question

This is Post Utme Ksu 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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