Home » Past Questions » Accounts » Use the following information to answer the question given:\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000\end{array}\)The capital employed is...

Use the following information to answer the question given:\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000\end{array}\)The capital employed is...


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Use the following information to answer the question given:

\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000\end{array}\)

The capital employed is

Options

A)
₦ 740,000
B)
₦ 580,000
C)
₦ 370,000
D)
₦ 280, 000

The correct answer is C.


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