Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using theformula, gearing ratio= long-termliabilities/ (shareholders' funds+ long-term liabilities) 100/1, calculate the gearing ratio from the following information.Long-term liabilities$18m, Shareholders' funds$14m. A. 56%. B. 44%.

Using theformula, gearing ratio= long-termliabilities/ (shareholders' funds+ long-term liabilities) 100/1, calculate the gearing ratio from the following information.Long-term liabilities$18m, Shareholders' funds$14m.

A.56%.

B.44%.

C.78%.

D.128%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law

Authors: Henry Cheeseman

10th Edition

0134728785, 978-0134728780

More Books

Students also viewed these Accounting questions

Question

At which conferences do students regularly present?

Answered: 1 week ago

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago