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07-03-2024
Advanced Placement (AP)

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Items 16-18 refer to the following Balance Sheet ofT.Lagoon: T.Lagoon Balance Sheet as at December 31, 2005 Capital 23 000 Fixtures and fittings. 1000 Add Net Profit 800 Motor vans 20000 23.800 Stock 13000 Less Drawings 2000 Debtors 2.000. 21800 Cash 100 Creditors 6300 Bank overdraft 8000 36100 36100 16. What is Lagoon's working capital? 18 What is Lagoon's total current assets? (A) $500 $600 (C) $750 (D). $800 පිලි (A) $15.100 (B) $21000 $22500. $33 100.. £17. What is Lagoon's total fixed assets? (A) $21000 (B) $31000 (C) $33000 (D) $34000

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