Post Utme Nile University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Nile University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support