High gearing is: (a) Always good. (b) Always bad. (c) Can be either good or bad. Data

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High gearing is:

(a) Always good.

(b) Always bad.

(c) Can be either good or bad.

Data for questions 7.7–7.11 The trading account of B Co. for the year ended 30 June 20X3 is set out in Figure 7.7.

The amounts shown in Table

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