Post Utme Noun 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company has a balance sheet as follows: ₦1,500,000 in assets, ₦800,000 in liabilities, and ₦700,000 in equity. Calculate the company's current ratio.

Answer Options

A. 2:1
Correct Answer B. 3:2
C. 4:3
D. 5:4
Correct Answer
B
Correct Option:
3:2

About This Question

This is Post Utme Noun 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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