Post Utme Lasu 2020 Accounting Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 2 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₦1,500,000 Liabilities: ₦1,200,000 Equity: ₦300,000 Determine the company's current ratio.

Answer Options

A. 1.25
Correct Answer B. 1.50
C. 2.00
D. 3.00
Correct Answer
B
Correct Option:
1.50

About This Question

This is Post Utme Lasu 2020 Accounting Question 2. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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