I. Equity and Liabilities 1. Shareholders' funds 3 of 3 a) Share capital 12,000.00 2.000.00 b) Reserves and surplus c) Money received against share warrants 1,000.00 2. Non-current Liabilities a) Long-term borrowings 4,000.00 400.00 b) Other long-term liabilities c) Long-term provisions 600.00 3. Current Liabilities a) Short-term borrowings 2,000.00 1,000.00 b) Trade payables 500.00 c) Other current liabilities d) Short-term provisions 1.500.00 25,000.00 II. Assets 1. Non-Current Assets a) Fixed assets 15,000.00 b) Non-current investments 2,000.00 1,000.00 c) Long-term loans and advances 2. Current Assets Page 2 of 3 1,500.00 1,500.00 a) Current investments b) Inventories c) Trade receivables d) Cash and cash equivalents e) Short-term loans and advances 1,000.00 2.500.00 500.00 25,000.00 Required: a. Calculate the debt equity ratio (1 Mark) b. Interpret your result (1 Mark)