Post Utme Pan Atlantic University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

The following is a statement of financial position for a public sector entity: Assets: ₦1,500,000; Liabilities: ₦800,000; Equity: ₦700,000. What is the liquidity ratio of the entity?

Answer Options

Correct Answer A. 1.5
B. 0.9
C. 1.8
D. 2.2
Correct Answer
A
Correct Option:
1.5

About This Question

This is Post Utme Pan Atlantic University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support