Post Utme Lasu 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company has a balance sheet that shows assets of ₦500,000, liabilities of ₦200,000, and equity of ₦300,000. What is the company's liquidity 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 Lasu 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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