Bonto Limited has the following assets and liabilities as at 01/01/2024. Calculate the following: (i) total fixed assets; (ii) total current assets; (iii) total liabilities; (iv) working capital; (v) capital employed.

Okay Uncle, let's calculate these financial figures for Bonto Limited. Step 1: Identify and classify assets and liabilities Fixed Assets: Fixtures: ₦350,000 Motor vehicles: ₦800,000 Current Assets: Stock: ₦200,000 Debtors: ₦200,000 Cash: ₦40,000 Bank: ₦70,000 Current Liabilities: Overdraft: ₦50,000 Creditors: ₦20,000 Step 2: Calculate total fixed assets Total Fixed Assets = Fixtures + Motor vehicles Total Fixed Assets = ₦350,000 + ₦800,000 = ₦1,150,000 (i) Total fixed assets: ₦1,150,000 Step 3: Calculate total current assets Total Current Assets = Stock + Debtors + Cash + Bank Total Current Assets = ₦200,000 + ₦200,000 + ₦40,000 + ₦70,000 = ₦510,000 (ii) Total current assets: ₦510,000 Step 4: Calculate total liabilities Total Liabilities = Overdraft + Creditors Total Liabilities = ₦50,000 + ₦20,000 = ₦70,000 (iii) Total liabilities: ₦70,000 Step 5: Calculate working capital Working Capital = Total Current Assets - Total Current Liabilities Working Capital = ₦510,000 - ₦70,000 = ₦440,000 (iv) Working capital: ₦440,000 Step 6: Calculate capital employed Capital Employed = Total Fixed Assets + Working Capital Capital Employed = ₦1,150,000 + ₦440,000 = ₦1,590,000 (v) Capital employed: ₦1,590,000 4 done, 1 left today. Send the next one.