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JAMB - Commerce (2021 - No. 14)

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

 ₦
Share capital  200,000
Reserves  100,000
Long term liabilities 40,000
Current liabilities   30,000
   370,000

 ₦
Fixed assets  180,000
Investment 100,000
Current assets  50,000
Fictitious assets  40,000
 370,000

What is the capital employed?

₦ 340,000
₦ 200,000
₦ 300,000
₦ 170,000

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