Post Utme Mountain Top University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet: Assets 100,000, Liabilities 50,000, and Equity 50,000. Calculate the current ratio.

Answer Options

A. 2:1
Correct Answer B. 1:1
C. 1:2
D. 3:1
Correct Answer
B
Correct Option:
1:1

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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