Post Utme Oau 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. What is the company's liquidity ratio?

Answer Options

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

About This Question

This is Post Utme Oau 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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