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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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