Post Utme Uniport 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦ 1,500,000, Liabilities: ₦ 800,000, Equity: ₦ 700,000 What is the company's current ratio?

Answer Options

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

About This Question

This is Post Utme Uniport 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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