Time left 0:20:21 A company's issued share capital consists of 10m ordinary shares and 2m preference shares. All shares have a nominal value of N$1. The company's reserves consist entirely of retained earnings of N$8m. The company's non-current liabilities comprise long-term loans of N$5m. The capital gearing ratio is: O a. 35% O b. 25% 20% d. 28%