Post Utme Uniben 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦ | Liabilities | ₦ | Capital | ₦ | | --- | --- | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | Share Capital | 30,000 | | Stock | 40,000 | Creditors | 15,000 | Profit | 25,000 | | Total | 50,000 | Total | 35,000 | Total | 65,000 | Calculate the company's current ratio.

Answer Options

A. 1.43
Correct Answer B. 1.57
C. 1.71
D. 1.85
Correct Answer
B
Correct Option:
1.57

About This Question

This is Post Utme Uniben 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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