Question: If the gearing ratio is presented in the form of x% Calculate the figure for X (round answer to 1 d.p). Would appreciate it if you could explain which of these figures from the financial statements is involved in gearing ratio formula

Question 15 The following information applies to questions 13-18: The following balances have been extracted from the financial statements of Tranmere Ltd: Property, plant and equipment E100,000 Inventories E10,000 Trade receivables E25,000 Cash E2,000 Total current assets E37,000 Trade payables 217,000 Total current liabilities = $17.000 Equity $50.000 5 year loan $70.000 Sales E200.000 Cost of sales E140,000 Gross profit 260,000 Profit from operations $25,000 Finance costs E6,000 Profit before tax $19.000