JAMB Accounting 2022 Objective — Question 11

Question 11 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.

11. To know how liquid a firm is, ______ is relevant

A. (A) Turnover ratio
B. (B) Quick ratioCorrect
C. (C) Debt ratio
D. (D) Dividend yield

Explanation

The quick (acid test) ratio measures how liquid a firm is — current assets excluding stock, against current liabilities.

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