Given:

Shaku Company Ltd.

Stock..........................N3600 000

Cash at hand...................N800 000

Cash at bank...................N2400 000

Debtors........................N580 000

Trade creditors................N920 000

Bank overdraft.................N200 000

Tax liabilities................N600 000

Salary owed to staff...........N180 000

Determine the working capital?

  • A N7380 000
  • B N8480 000
  • C N5480 000
  • D N6480 000

The correct answer is C. N5480 000

No explanation given
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