XYZ Company has a Bank Loan of RO 50,000, hire purchase of R0100,000, Debentures of RO 100,000. and share capital is RO 150,000, reserves and surplus is RO50,000, Preferential capital 50,000, average net operating assets is RO 500,000 and depreciation adjustment is RO 40,000, Cost of sales adjustment is RO 35000 and the Monetary working capital adjustment is RO 5,000. The gearing adjustment is O a. 45,000 b. 35,000 O c. 50,000 O d. 40,000