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What is Ojo's working capital?

Commerce
JAMB 2009

What is Ojo's working capital?

  • A. N 2150
  • B. N 1950
  • C. N1800
  • D. N 1150
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Correct Answer: Option D
Explanation

The working capital is gotten by subtracting the current liabilities from the current assets. Hence we have;

Current assets = cash, prepayments, and debtors

Current liabilities = creditors

2150 + 700 + 100 = 2950

2950 - 1800 = 1150

 

 

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