The records of Superstores shows a loan of #14,000 from Bala,creditor #8,000 and assets #190,500. What is the firm's capital?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
The net working capital formula is calculated by subtracting the current liabilities from the current assets.Â
Assets = 190,500
liabilities =Â 14,000 + 8,000 = 22,000
190,500 - 22,000 = 168,000 (capital)
The net working capital formula is calculated by subtracting the current liabilities from the current assets.Â
Assets = 190,500
liabilities =Â 14,000 + 8,000 = 22,000
190,500 - 22,000 = 168,000 (capital)