Better Belter Limited has the following capital structure at 31 October 20X7: if Ordinary share capital (1
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Better Belter Limited has the following capital structure at 31 October 20X7:
if Ordinary share capital (£1 shares) 80 000 Reserves 696 400 Long-term loans (8% interest rate) 300 000 Profit before interest and tax for the year ending 31 October 20X7 was
£35 000, and interest payable was £24 000. Calculate the following ratios:
i) gearing (on the basis of debt/equity)
li) interest cover.
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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