JAMB Commerce 2000 Question 11

Use the information below to answer questions 10 and 11.
Amina Enterprises Balance Sheet as at 30/3/99
Liabilities (₦): Share capital 400,000; Reserve fund 200,000; Creditors 110,000; Bills payable 50,000; Undistributed profits 45,000; Wages due 5,000
Assets (₦): Land 200,000; Buildings 150,000; Machinery 200,000; Implements 20,000; Office fittings 5,000; Raw materials 100,000; Finished goods 50,000; Debtors 20,000; Bills receiveable 15,000; Cash at bank 45,000; Cash at hand 5,000
Determine the circulating capital

1. A.₦250,000
2. B.₦245,000
3. C.₦235,000
4. D.₦225,000