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Use the information below to determine the Debt ratio. Turfloop Enterprises LTD Assets Equity and Liabilities Non-Current Assets: R900 000 Ordinary shares : R500 000

Use the information below to determine the Debt ratio.

Turfloop Enterprises LTD

Assets Equity and Liabilities

Non-Current Assets: R900 000 Ordinary shares : R500 000

Reserves : R200 000

Retained Earnings : R300 000

Owner`s Equity : R1000 000

Current Assets : R600 000 Preference share Capital: R200 000

Cash: R300 000 Shareholders` Capital : R1200 000

Debtors: R150 000 Long-term Loan : R100 000

Inventory: R150 000 Current Liabilities : R200 000

R1 500 000 R1 500 000

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