Use the information to answer questions below Years Current Assets Liabilities Fixed Assets Capital # # # # 2018 52550 78600 127450 X 2017 41650 53220 Y 116...
The letter X represents #101,400. This is because the formula for the balance sheet equation is Assets = Liabilities + Capital. Therefore, X can be calculated by subtracting the sum of the Current Assets and Fixed Assets in 2018 from the sum of Liabilities and Capital in 2018:
X = Liabilities + Capital - (Current Assets + Fixed Assets)
X = #78,600 + Capital - (#52,550 + #127,450)
X = #78,600 + Capital - #180,000
X = #101,400 + Capital
Since the value of Capital is not provided in the table for 2018, we cannot determine the exact value of X.