37 A limited company has a very high gearing level. If interest rates increase, but no other...

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37 A limited company has a very high gearing level. If interest rates increase, but no other changes take place, which one of the following statements is certain?

(a) The company will cease trading

(b) The company’s borrowings will increase

(c) The company’s gross profit will decrease

(d) The company’s profit for the year will decrease

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:04 AM

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37 A limited company has a very high gearing level. If interest rates increase, but no other...

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Accounting And Finance For Business

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