Use the following information begin array c c a... - WAEC Accounting 2013 Question
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?
\(\begin{array}{c|c} & ₦ \ \hline \text{Net profit} & 60,000\ \text{Total assets} & 520,000\ \text{Current liabilities} & 150,000 \ \text{Current assets} & 280,000 \end{array}\)
The current ratio is?
A
1.87 : 1
B
1 : 1.87
C
1 : 2
D
2 : 1
correct option: a
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