Post Utme Ksu 2022 Accounting Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's total current assets are ₦100,000 and its total current liabilities are ₦50,000, what is the company's quick ratio?

Answer Options

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

About This Question

This is Post Utme Ksu 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Ksu 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