Given:

Authorized Capital: N100,000 ordinary shares of N1 each
Issued and fully paid:
50,000 ordinary shares of N 1 each 50,000
10, 000 8% perference shares
of N 1 each 
Reserves 10,000
Creditors 25,000
Debtors 13,000
Cash in hand 5000

Determine the net current assets

---