General Accounting The following are extracts taken from the summarized balance sheet ofCarlin plc as of 31 December 2017:Equity Ordinary share capital $500,000Reserves300,000Non-current liabilities9%Debentures700,000What is the gearing ratio?

Step 1: Define DebtDebt refers to a company's total liabilities that are classified into short-term…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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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?