A company has the following balances on their statement of financial position at their year end: mn Equity Ordinary share capital Retained earnings 9,500 13.700 23,200 3.425 Non-current liabilities Loan Current liabilities Overdaft Trade payables Tax payable 200 3,000 150 3,850 29,975 Total equity + liabilities What is their gearing? O A. 36,0596 B. 12.86% C.22.6096 OD. 14.76%