Use the following information to answer the given question:
Issued capital……………..100,000
Ordinary shares…………….40,000
Preference shares…………..30,000
Reserves…………………..10,000
Debentures…………………60,000
Current……………………150,000
Fixed assets……………….90,000
Current assets……………..240,000
What is the working capital?
A. N90.00
B. N5.00
C. N40.00
D. N30.00
E. N2.00
Correct Answer:
Option A – N90.00
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