Post Utme Oau 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following information: Assets ₦100,000, Liabilities ₦50,000, and Equity ₦50,000. What is the company's current ratio?

Answer Options

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

About This Question

This is Post Utme Oau 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

View More Post Utme Oau 2022 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