Uju Nig. Ltd. Balance Sheet (Extract) ₦ ₦ C..

Question 1 Report

Uju Nig. Ltd. Balance Sheet (Extract)
	₦		₦
Capital	200,000	Land and building	250,000
Net profit	50,000	Stock	20,000
5% debenture	100,000	Debtors	50,000
Creditors	80,000	Bank	10,000
	430,000		430,000

Which of the following is true of Uju Nig.Ltd?

It is a highly geared company

It has no liquidity problem in the short term

It is adequately secured in fixed assets

It's working capital is zero

Uju Nig. Ltd. Balance Sheet (Extract) ₦ ₦ Capital 200,000 Land and building 250,000 Net profit 50,000 Stock 20,000 5% debenture 100,000 Debtors 50,000 Credi...