14.32 Brazier Barkiss pic has the following capital structure at 30 April 20X6: Ordinary share capital
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14.32 Brazier Barkiss pic has the following capital structure at 30 April 20X6:
£
Ordinary share capital (£1 shares) 1 000 000 Reserves 2 739400 Long-term loans (10% interest rate) 2 000 000 Profit before interest and tax for the year ending 30 April 20X6 was £646 750 and interest payable was £200 000. Calculate the following ratios:
i) gearing (on the basis of debt/equity)
ii) interest cover.
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Related Book For
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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