Use the information below to answer questions 13 and 14
#
Sales 50,000.00
Debtors 10,000.00
Cash in hand 5,000.00
Opening stock 30,000.00
Creditors 8,000
  • A #35,000.00
  • B #20,000.00
  • C #5,000.00
  • D #14,000.00
jamb 2022commerce

The correct answer is C. #5,000.00

Working capital = Current assets - Current liabilities

= (debtors + cash in hand + closing stock ) - ( overdraft + creditors)

= (10,000 + 5,000 + 10,000 ) - (8,000 + 12,000)

= 25,000 - 20,000

= 5,000

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