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Section D- Question 1c The following information has been extracted from the accounts of Field Ltd and Solo Ltd in 2019. Both the business's sell

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Section D- Question 1c The following information has been extracted from the accounts of Field Ltd and Solo Ltd in 2019. Both the business's sell mobile phone accessories on the internet. Field Ltd Solo Ltd Sales revenue 230,000 200,000 Costs of goods sold Net profit 120,000 90,000 40,000 28,000 70,000 60,000 Long term assets Current assets Current liabilities 70,000 9,000 30,000 15,000 Long term liabilities 22,000 58,000 Total capital employed 168,000 89,000 Use the formula sheet provided. This can be found in the exam information. You must round your answers to TWO decimal places and state units in your final answers, where applicable. . You are advised to show your workings. There is no requirement to rewrite the formula. Question: Calculate the capital gearing for both businesses. Max score: 4 BIU H1 H2 H3 EEE I Text Not Allowed 0 word Add text Add equation Add drawing

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