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- Explain current assets giving two examples.
- State two uses of working capital.
- Question 8(c) required the candidates to calculate
- current liabilities;
- current assets;
- working capital.
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Most candidates performed poorly for omitting the naira sign in the calculation. Some of the required answers under the uses of working capital are as follows: It
- helps to determine the solvency of the business.
- is used in the day-to-day running of the business.
serves as check against overtrading etc.
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