Use the information below to answer the questionStatement of assets and liabilit...
Question
Use the information below to answer the question
Statement of assets and liabilities as at 31st December, 2001.
Shareholders' interest ₦240
Current liabilities ₦20
Current assets ₦110
Fixed assets ₦140
What is the networking capital?
Options
A)
₦90m
B)
₦70m
C)
₦100m
D)
₦80m
The correct answer is A.
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