The following are extracts taken from the summarized balance sheet of Carlin plc as of 31 December 2017: Equity Ordinary share capital $500,000 Reserves 300,000 Non-current liabilities 9% Debentures 700,000 What is the gearing ratio?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 56CE
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General Accounting

The following are extracts taken from the summarized balance sheet of
Carlin plc as of 31 December 2017:
Equity Ordinary share capital $500,000
Reserves
300,000
Non-current liabilities
9%
Debentures
700,000
What is the gearing ratio?
Transcribed Image Text:The following are extracts taken from the summarized balance sheet of Carlin plc as of 31 December 2017: Equity Ordinary share capital $500,000 Reserves 300,000 Non-current liabilities 9% Debentures 700,000 What is the gearing ratio?
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