Question 9
Business CalculationsUse the balance sheet of MBV Enterprises as at 31st December, 1992 shown to answer this question. What is the circulating capital of the sole proprietor?
- A.₦27 380
- B.₦34 980
- C.₦36 180
- D.₦51 680
Show the answer and explanation
Answer: D (₦51 680)
Explanation
Circulating capital is the total of current assets: 8 800 + 15 500 + 21 000 + 6 380 = ₦51 680.