What is Ojo's working capital?
...
What is Ojo's working capital?
N 2150
N 1950
N1800
N 1150
Correct answer is D
The working capital is gotten by subtracting the current liabilities from the current assets. Hence we have;
Current assets = cash, prepayments, and debtors
Current liabilities = creditors
2150 + 700 + 100 = 2950
2950 - 1800 = 1150
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