Post Utme Oau 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Oau Accounting examination.

Post Utme Oau 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_OAU • 2021 • ACCOUNTING • objective

A company's balance sheet shows the following: Assets ₦150,000, Liabilities ₦75,000, Equity ₦75,000. What is the company's current ratio?

Answer Options

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

About This Question

This is Post Utme Oau 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.

View More Post Utme Oau 2021 Accounting Questions More Post Utme Oau Practice Questions Back to Questions

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