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\(\begin{array}{c|c} N & N \\ \hline \text{Capital 8000} & \text{Plant and machinery5000} \\ \hline \text{Net...

Commerce
JAMB 2015

\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000} \\
\hline
\text{Net profit 4000} & \text{Motor van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtor 1000} \\
\hline
\text{Accruals 300} & \text{Bank 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)


What is the acid ratio?
  • A. 1.13 : 1
  • B. 2 : 1
  • C. 4.75 : 1
  • D. 4.25 : 1
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Correct Answer: Option A
Explanation
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Software 2025 - Free Download
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT Software 2025 - Free Download
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076