Question 10

Use the following information

\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000 \end{array}\)
The current ratio is?

  • A.1.87 : 1
  • B.1 : 1.87
  • C.1 : 2
  • D.2 : 1
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2013
Question no.
#10
Type
Objective

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