Post Utme Wellspring University 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader's business is affected by the economic downturn, leading to a decline in sales. Which of the following financial ratios would be most useful in assessing the business's liquidity position?

Answer Options

Correct Answer A. Current ratio
B. Quick ratio
C. Debt-to-equity ratio
D. Return on investment ratio
Correct Answer
A
Correct Option:
Current ratio

About This Question

This is Post Utme Wellspring University 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Wellspring University Commerce 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