Use the information below to answer question
Capital.....................N?
Profit and loss.............N3500
Current assets..............N?
Current liabilities.........N2000
fixed assets................N11000
The company maintains a current ratio of 3:1.
The capital balance is?
A.
N9,500
B.
N12,500
C.
N11,500
D.
N1000
Correct answer is B
No explanation has been provided for this answer.
