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Given:Shaku Company Ltd.Stock..........................₦3600 000Cash at hand.....


Question

Given:

Shaku Company Ltd.

Stock..........................₦3600 000

Cash at hand...................₦800 000

Cash at bank...................₦2400 000

Debtors........................₦580 000

Trade creditors................₦920 000

Bank overdraft.................₦200 000

Tax liabilities................₦600 000

Salary owed to staff...........₦180 000

Determine the working capital?

Options

A)
₦7380 000
B)
₦8480 000
C)
₦5480 000
D)
₦6480 000

The correct answer is C.


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