Use the information below to answer question . Capital.....................N? Profit and loss.............N3500 Current assets..............N? Current...
FINANCIAL
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
Correct Answer: B. N12 500
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