Post Utme Wellspring University 2019 Commerce Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice
Question 29 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

A firm's balance sheet as at December 31, 2022, is as follows: Assets ₦5,000,000; Liabilities ₦3,000,000; Equity ₦2,000,000. The current ratio is

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 29. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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