Uju Nig. Ltd. Balance Sheet (Extract)Which of the following is true of Uju Nig.L...
Question
Uju Nig. Ltd. Balance Sheet (Extract)
| ₦ | ₦ | ||
| Capital | 200,000 | Land and building | 250,000 |
| Net profit | 50,000 | Stock | 20,000 |
| 5% debenture | 100,000 | Debtors | 50,000 |
| Creditors | 80,000 | Bank | 110,000 |
| 430,000 | 430,000 |
Which of the following is true of Uju Nig.Ltd?
Options
A)
It is a highly geared company
B)
It has no liquidity problem in the short term
C)
It is adequately secured in fixed assets
D)
It's working capital is zero
The correct answer is D.
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