Post Utme Lead City University 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the current assets increase by 20% and the current liabilities decrease by 15%, what is the new current ratio?

Answer Options

A. 1.8:1
Correct Answer B. 2.2:1
C. 2.5:1
D. 3:1
Correct Answer
B
Correct Option:
2.2:1

About This Question

This is Post Utme Lead City University 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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