What is Ojo’s working capital?
- N 2150
- N 1950
- N1800
-
N 1150
The correct answer is: 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