Use the information below to answer question . Capital.....................N? Profit and loss.............N3500 Current assets..............N? Current...

JAMB 2006

Use the information below to answer question .

Capital.....................N?
Profit and loss.............N3500
Current assets..............N?
Current liabilities.........N2000
fixed assets................N11000

The company maintains a current ratio of 3:1.
The capital balance is?

A. N95 00
B. N12 500
C. 11 500
D. 10 00

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Correct Answer: Option B

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