Use the information below to answer questions
Total current assets………………N2,000
Total fixed assets………………..N4,000
Current liabilities……………….N1,200
Drawings…………………………N200
Long-term loan……………………N2,000
A. N2,600
B. N1,800
C. N800
D. N600
Correct Answer:
Option C – N800
Explanation
Working capital = current assets – current liabilities
2000 – 1200 = 800
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