Question 1 Report
Use the information below to answer question .
.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........₦7 800............₦6 600
Total current assets.......₦12 100............₦17800
Total current liabilities..₦4 700............₦3 800
Drawings for 2006 is ₦5 200.
What is the net profit for 2006?