Fred Asamah had the following state of affairs as at 31st December, 1999 Vehicles 82,000 Furniture 15,000 Stocks 38,000 Debtors 25,000 Creditors 30,000 Cash...

Fred Asamah had the following state of affairs as at 31st December, 1999 
Vehicles               82,000
Furniture              15,000
Stocks                  38,000
Debtors                25,000
Creditors              30,000 
Cash in hand       10,000
Bank overdraft     5,000
Capital                 135,000

(a) Calculate: (i) the current assets of the business (ii)current liabilities (iii) its working capital 

(b)What is a current asset? (c) State one significance