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A company has the following on its Statement of Financial Position: Assets m Non-Current Assets (Total) 131 Current Assets (Total) 77 Total Assets 208 Equity
A company has the following on its Statement of Financial Position:
Assets | m |
Non-Current Assets (Total) | 131 |
Current Assets (Total) | 77 |
Total Assets | 208 |
Equity & Liabilities | |
Ordinary Share Capital 50p Shares | 25 |
Ordinary Share Premium | 40 |
Preference Share Capital 2 shares | 14 |
Reserves | 75 |
154 | |
Loan notes 10% | 20 |
Current Liabilities | |
Trade Payables | 8 |
Bank Overdraft | 26 |
Total Current Liabilities | 34 |
Total Equity and Liabilities | 208 |
Calculate the traditional gearing ratio using: Debt Debt + Equity
Answer as a percentage to 1 decimal place.
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