Post Utme Noun 2017 Commerce Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2017 • COMMERCE • objective

A company's financial statements show that it has a current ratio of 2:1 and a quick ratio of 1:1. What does this indicate about the company's liquidity position?

Answer Options

A. The company has a high liquidity position
B. The company has a moderate liquidity position
Correct Answer C. The company has a low liquidity position
D. The company's liquidity position cannot be determined
Correct Answer
C
Correct Option:
The company has a low liquidity position

About This Question

This is Post Utme Noun 2017 Commerce Question 29. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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