.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........N7,800............N6,600
Total current assets.......N12,100............N17800
Total current liabilities..N4,700............N3,800
Drawings for 2006 is N5,200.
What is the net profit for 2006?
N19,000
N16,000
N12,600
N10,600
Correct answer is D
No explanation has been provided for this answer.