Given: Lankoh Company Ltd ₦ Stock 3,600,000 Cash at hand 800,000 Cash in bank 2,400,000
FINANCIAL
JAMB 2021
Given:
Lankoh Company Ltd
₦
Stock 3,600,000
Cash at hand 800,000
Cash in bank 2,400,000
Debtors 580,000
Trade creditors 920,000
Bank overdraft 200,000
Tax liabilities 600,000
Salary owed to staff 180,000
What is the working capital?
- A. ₦5,480,000
- B. ₦6,480,000
- C. ₦8,480,000
- D. ₦7,380,000
Correct Answer: A. ₦5,480,000
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