The capital balance is?

Capital…………………N?
Profit and loss………….N3500
Current assets…………..N?
Current liabilities………N2000
fixed assets…………….N11000

The company maintains a current ratio of 3:1.

A. N95 00
B. N12 500
C. 11 500
D. 10 00

Correct Answer:

Option B – N12 500