The following extracts relate to MN Co for 20X8 and 20X7: 20X8 20X7 Issued share capital 50,000 50,000 Share premium 5,500 5,500 Retained earnings 34,500 24,500 90,000 80,000 Non-current liabilities 10% Bank loan 4,500 5,600 Current liabilities Bank overdraft 3,000 500 Calculate the debt/equity ratio of MN Co for 20X8 and 20X7. 20X8 20X7

The following extracts relate to MN Co for 20X8 and 20X7: 20X8 20X7 Issued share capital 50,000 50,000 Share premium 5,500 5,500 Retained earnings 34,500 24,500 90,000 80,000 Non-current liabilities 10% Bank loan 4,500 5,600 Current liabilities Bank overdraft 3,000 500 Calculate the debt/equity ratio of MN Co for 20X8 and 20X7. 20X8 20X7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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