What is the working capital?

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