Use the information below to answer question .

Capital.....................N?

Profit and loss.............N3500

Current assets..............N?

Current liabilities.........N2000

fixed assets................N11000

The company maintains a current ratio of 3:1.

The capital balance is?

  • A N95 00
  • B N12 500
  • C 11 500
  • D 10 00

The correct answer is B. N12 500

No explanation given
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