Use the information below to answer question .
…………………….31 Dec. 05……..31 Dec. 06
Total fixed assets………N7 800…………N6 600
Total current assets…….N12 100…………N17800
Total current liabilities..N4 700…………N3 800
Drawings for 2006 is N5 200.
What is the net profit for 2006?
A N19 000
B N16 000
C N12 600
D N10 600
Answer is D
