Post Utme Lautech 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦500,000 and its current liabilities are ₦250,000, what is the company's quick ratio?

Answer Options

Correct Answer A. 1.5
B. 2.0
C. 2.5
D. 3.0
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Lautech 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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