Use the information to answer the question below

Years Current Assets Liabilities Fixed Assets Capital
# # # #
2018 52550 78600 127450 X
2017 41650 53220 Y 116780

 

A. #78,600
B. #180,000
C. #101,400
D. #258,600

Correct Answer:

Option C = #101,400

Explanation

X (Capital) = Total Assets – Total Liabilities

= (52,550 + 127,450) – 78,600

= 180,000 – 78,600

= 101,400

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