Use the information below to answer questions Total current assets..................N2,000 Total fixed assets....................N4,000 Current liabilities...................N1,200 Drawings..............................N200 Long-term loan........................N2,000 What is the net working capital?

Use the information below to answer questions

Total current assets..................N2,000

Total fixed assets....................N4,000

Current liabilities...................N1,200

Drawings..............................N200

Long-term loan........................N2,000

What is the net working capital?

The correct answer is C. N800

Working capital = current assets - current liabilities

2000 - 1200 = 800