WAEC Accounting 2012 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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(Using the same information as Q18) Working capital ratio is
- A. 5:4
- B. 5:3Correct
- C. 4:5
- D. 1:1
Explanation
Working capital ratio = Current asset/Current liabilities. (Per the printed answer key the correct choice is labelled B, 5:3.)
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