Post Utme Lautech 2021 Accounting Question 35
Practice objective / multiple choice question 35 from the 2021 Post Utme Lautech Accounting examination.
A company's balance sheet as at 31st December 2020 is as follows: | Assets | ₦ | Liabilities | ₦ | Equity | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 100,000 | Bank Loan | 200,000 | Share Capital | 500,000 | | Inventory | 150,000 | Trade Creditors | 300,000 | Retained Earnings | 200,000 | | Property, Plant and Equipment | 500,000 | | | | | | | | | | | | | Total | 750,000 | Total | 500,000 | Total | 700,000 | What is the company's current ratio?
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About This Question
This is Post Utme Lautech 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.
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