Post Utme Skyline University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice

Question 8 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a balance sheet as follows: Assets ₦3,000,000, Liabilities ₦1,500,000, and Equity ₦1,500,000. What is the company's current ratio?

Answer Options

A. 1:1

Correct Answer B. 2:1

C. 3:1

D. 4:1

Correct Answer

Correct Option:

2:1

About This Question

This is Post Utme Skyline University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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