Post Utme Unilorin 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILORIN • 2018 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company's current assets are ₦500,000 and its current liabilities are ₦250,000, what is the company's quick ratio?

Answer Options

A. 1:1
Correct Answer B. 1.5:1
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1.5:1

About This Question

This is Post Utme Unilorin 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Unilorin 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