Post Utme Lautech 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2019 is as follows: ₦ Assets: Cash: ₦50,000 Debtors: ₦100,000 Stock: ₦150,000 Total Assets: ₦300,000 Liabilities: Creditors: ₦80,000 Capital: ₦220,000 Total Liabilities: ₦300,000 What is the company's current 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 Lautech 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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