The directors of Shuttlemann plc provide the following information: Required Calculate the companys gearing ratio. Non-current liabilities
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The directors of Shuttlemann plc provide the following information:
Required
Calculate the company’s gearing ratio.
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Non-current liabilities 5% debentures (2031) Shareholders' equity Ordinary shares of £1 each 6% preference shares of £1 each Retained earnings and other reserves £ 800 700 200 115
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The gearing ratio also known as the leverage ratio measures the proportion of a companys d...View the full answer
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