??!! Financial Accounting: Q. 11The following are extracts taken from the summarizedbalance sheet of Hanks Corp. as of 31 December 2017:Equity Ordinary share capital $600,000Reserves$400,000Debentures$800,000What is the gearing ratio?

Step 1: Definition of Gearing RatioGearing Ratio is a financial ratio that compares a company's…

Answered: Financial Accounting: Q. 11 The…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Financial Accounting: Q. 11 The following are extracts taken from the summarized balance sheet of Hanks Corp. as of 31 December 2017: Equity Ordinary share capital $600,000 Reserves $400,000 Debentures $800,000 What is the gearing ratio?