Post Utme Mountain Top University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice

Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet: Assets: ₦1,500,000; Liabilities: ₦500,000; Equity: ₦1,000,000. Calculate the current ratio.

Answer Options

A. 3:1

Correct Answer B. 2:1

C. 1:1

D. 1:2

Correct Answer

Correct Option:

2:1

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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