Post Utme Unilag 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2024 is as follows: Sales: ₦1,500,000 Cost of Goods Sold: ₦1,200,000 Gross Profit: ₦300,000 Operating Expenses: ₦100,000 Net Profit: ₦200,000 What is the company's current ratio?

Answer Options

A. 1.5
B. 2.0
C. 1.0
D. 3.0
Correct Answer
N/A

About This Question

This is Post Utme Unilag 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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