Lester Ltd has equity (share capital and retained earnings) of 10,000, no long-term borrowings and current liabilities of 80,000. It has non-current assets of E50,000 and current assets of E4O,000

These figures demonstrate that

A.Lester Ltd takes a defensive approach to financing as it has net current assets

B. Lester Ltd takes a defensive approach to financing as it has net current liabilities

C. Lester Ltd takes an aggressive approach to financing as it has net current assets

D. Lester Ltd takes an aggressive approach to financing as it has net current liabilities