Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares.....

The working capital is N90.00. Working capital is a measure of a company's liquidity and its ability to pay its short-term obligations. It is calculated by subtracting a company's current liabilities from its current assets. Current assets are assets that are expected to be converted into cash within a year, while current liabilities are obligations that are due within a year. To calculate the working capital, we first need to add up the current assets and the fixed assets: Current assets + Fixed assets = N240,000 + N90,000 = N330,000 Next, we need to subtract the current liabilities from this total: Working capital = Current assets - Current liabilities Working capital = N240,000 - N150,000 = N90,000 Therefore, the working capital is N90.00.