Post Utme Uniport 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice

Question 23 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2023, are as follows: Revenue ₦5,000,000, Cost of Goods Sold ₦3,000,000, Gross Profit ₦2,000,000, Operating Expenses ₦1,500,000, Net Profit ₦500,000. What is the company's current ratio?

Answer Options

A. 2:1

B. 3:1

C. 4:1

D. 5:1

Correct Answer

N/A

About This Question

This is Post Utme Uniport 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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