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?
- N2,600
- N1,800
-
N800
- N600
The correct answer is: C
Explanation
Working capital = current assets - current liabilities
2000 - 1200 = 800