Post Utme Lasu 2024 Accounting Question 33
Practice objective / multiple choice question 33 from the 2024 Post Utme Lasu Accounting examination.
A company has the following balance sheet: Assets: Cash: ₦10,000 Accounts Receivable: ₦20,000 Inventory: ₦30,000 Total Assets: ₦60,000 Liabilities: Accounts Payable: ₦15,000 Long-term Debt: ₦25,000 Total Liabilities: ₦40,000 Equity: Common Stock: ₦20,000 Retained Earnings: ₦5,000 Total Equity: ₦25,000 What is the company's current ratio?
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About This Question
This is Post Utme Lasu 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.
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