The balances below relates to Eureka Traders for the year ended 31st December 2010. ...

      

The balances below relates to Eureka Traders for the year ended 31st December 2010.
Shs.
Capital ?
2 year Bank loan 230,020
Creditors 95,200
Fixed assets 480,000
Current assets 145,220
Determine the following
i.) Working capital.
ii.)Capital employed.

  

Answers


Kavungya
(i) Working capital
Current Assets-Current liabilities
(145,220-95,200)
=50,020
(ii) Capital employed
Fixed Assets +Working capital
(480,000+50,020)
=530,020
Kavungya answered the question on September 26, 2019 at 11:29


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