The company maintains a current ratio of 3:1. The capital balance is?

Use the information below to answer question .

Capital…………………N?
Profit and loss………….N3500
Current assets…………..N?
Current liabilities………N2000
fixed assets…………….N11000

The company maintains a current ratio of 3:1.
The capital balance is?

A N95 00

B N12 500

C 11 500

D 10 00

Answer is B

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