Post Utme Oau 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A company has the following balance sheet as at December 31, 2023: Assets: ₦1,500,000 (current assets) ₦800,000 (non-current assets) Liabilities: ₦600,000 (current liabilities) ₦400,000 (non-current liabilities) Equity: ₦500,000 (share capital) ₦200,000 (retained earnings) Calculate the current ratio.

Answer Options

A. 2:1
Correct Answer B. 2.5:1
C. 3:1
D. 3.5:1
Correct Answer
B
Correct Option:
2.5:1

About This Question

This is Post Utme Oau 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

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