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WAEC Commerce 2008 Question 35

Question 35

Business Finance

Working capital is

  1. A.current assets less total liabilities
  2. B.total assets less total liabilities
  3. C.current liabilities plus current assets
  4. D.current assets less current liabilities.
Show the answer and explanation

Answer: D (current assets less current liabilities.)

Explanation

Working capital = current assets − current liabilities.