JAMB Commerce 2021 Objective — Question 2

Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.

2. Calculate working capital a. 123,500 b. 128,000 c. 33,500 d. None of the above

A. 123,500
B. 128,000
C. 33,500Correct
D. None of the above

Explanation

Working capital = current assets - current liabilities = (32,000+2,000+4,000) - 4,500 = 38,000 - 4,500 = 33,500.

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