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From the Following Statement of Financial Position Extract of RiffRaff

Question 3

Multiple Choice

From the following statement of financial position extract of RiffRaff plc,calculate the working capital:
£000 Non-current assets 210 Non-current liabilities 10% debentures 100 Equity  Share capital 90 Retained earnings 60\begin{array} { l c } & £ 000 \\\text { Non-current assets } & 210 \\\text { Non-current liabilities } & \\10 \% \text { debentures } & 100 \\\text { Equity } & \\\quad \text { Share capital } & 90 \\\text { Retained earnings } & 60\end{array}


A) £110,000
B) £(40,000)
C) £40,000
D) £60,000

Correct Answer:

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