Question: Higgins Ltd has the following balances extracted from the Statement of Financial Position at 28 February 2023: Inventory R200 000 Long term loans R500 000

Higgins Ltd has the following balances extracted from the Statement of Financial Position at 28 February 2023:

Inventory R200 000

Long term loans R500 000

Accrued expenses R50 000

Prepaid expenses R10 000

Trade receivables R80 00

Trade payables R120 000

Bank overdraft R30 000

Higgins Ltd's Net working capital is:

A. R140 000

B. R80 000

C. R90 000

D. 120 000

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