JAMB Commerce 2007 Objective — Question 11

Question 11 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

What is the net working capital?

A. #6,000,000
B. #16,000,000Correct
C. #11,000,000
D. #25,000,000

Explanation

Working capital = Current assets - Current liabilities = (5,000,000+22,000,000) - 11,000,000 = 27,000,000 - 11,000,000 = #16,000,000.

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