The letter X represents?

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