Milly has provided 130,000 capital for her business. She has borrowed 30,000 for business use, from BHSC

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Milly has provided £130,000 capital for her business. She has borrowed £30,000 for business use, from BHSC Bank plc.

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Calculate the gearing ratio for Milly’s business.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 05:43 AM

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Milly has provided 130,000 capital for her business. She has borrowed 30,000 for business use, from BHSC

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The gearing ratio also known as the debttoequity ratio measures the proportion of a ...View the full answer

Introducing Accounting For AS

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