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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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