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
What is the net working capital?
Total current assets..................N2,000
Total fixed assets....................N4,000
Current liabilities...................N1,200
Drawings..............................N200
Long-term loan........................N2,000
What is the net working capital?
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Correct Answer: Option C
Explanation:
Working capital = current assets - current liabilities
2000Â - 1200 = 800
Working capital = current assets - current liabilities
2000Â - 1200 = 800