Post Utme Lasu 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the total current assets are ₦120,000 and the total current liabilities are ₦60,000, what is the company's total assets?

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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