ICAN Professional Case Study Practice Questions - ICAN Professional Level C5 Case Study Examination Exam

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Kano Agro Ltd has Current Assets of ₦80,000,000 (which includes ₦30,000,000 in raw material and finished goods inventory) and Current Liabilities of ₦40,000,000. Which option correctly state the Current Ratio and Quick (Acid-Test) Ratio?

Current Ratio = 2.00; Quick Ratio = 1.25 Current Ratio = 2.00; Quick Ratio = 0.75 Current Ratio = 1.25; Quick Ratio = 2.00 Current Ratio = 1.50; Quick Ratio = 1.00

Correct Answer:

Current Ratio = 2.00; Quick Ratio = 1.25

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