What is the capital employed?
- N 200 000
-
N 340 000
- N 170 000
- N 300 000
The correct answer is: B
Explanation
Capital employed = total assets - current liabilities
Total assets = fixed assets + investments + current assets + fictitious assets = 370,000
Current liabilities = 30,000
Capital employed = 370,000 - 30,000 = 340,000