Home » Accounts (Principles of Accounts) » Use the following information ₦ 60,000 (Total assets)

Use the following information ₦ 60,000 (Total assets)

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
Correct Answer: Option A

Related Posts