Post Utme Rhema University 2021 Accounting Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Rhema University Accounting examination.
A company's balance sheet as at 31st December 20X7 is as follows: \begin{tabular}{|l|r|r|} \hline \textbf{Particulars} & \textbf{\u00A3} & \textbf{\%} \\ \hline \textbf{Fixed Assets} & 200,000 & \\ \textbf{Current Assets} & 150,000 & \\ \textbf{Total Assets} & 350,000 & \\ \textbf{Capital} & 100,000 & \\ \textbf{Reserve} & 50,000 & \\ \textbf{Profit} & 20,000 & \\ \textbf{Total Equity} & 170,000 & \\ \hline \end{tabular} Calculate the current ratio.
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This is Post Utme Rhema University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.
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