JAMB Accounting 2019 Objective — Question 15
Question 15 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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Use the information below to answer these questions. Statement of Assets and Liability as at 31/12/2017 (₦m): Shareholders' interest 240; Current liabilities 20; Current assets 110; Fixed assets 140. What is the net working capital?
- A. 90mCorrect
- B. 70m
- C. 100m
- D. 80m
Explanation
Working capital = current assets − current liabilities = 110 − 20 = ₦90m.
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