Use the information to answer questions below
Years Current Assets Liabilities Fixed Assets Capital
# # # #
2018 52550 78600 127450 X
2017 41650 53220 Y 116780
The letter Y represents
  • A #170,000
  • B #128,350
  • C #94,870
  • D #211,650
waec 2022accounting

The correct answer is B. #128,350

Y (Fixed Assets) = Capital + Liabilities - Current Assets

= 116,780 + 53,220 - 41,650

= 170,000 - 41,650

= 128,350

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