JAMB Commerce 2009 Objective — Question 32

Question 32 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

32. What is Ojo's working capital?

A. N2,150
B. N1,950
C. N1,800
D. N1,150Correct

Explanation

Working capital = current assets - current liabilities = (2,150 + 700 + 100) - 1,800 = 2,950 - 1,800 = N1,150.

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