Accounting WAEC

The working capital is?

Use the following information to answer the given question

N
Fixed assets 12,000
Current assets 5,000
Current liabilities 2,300
Capital 10,000
Long term liabilities 4,700

 

A. N10,000
B. N9,700
C. N7,300
D. N7,000
E. N2,700

Correct Answer:

Option E – N2,700

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