The following information is available for Western Opal Ltd. Required (a) Calculate the following ratios for 2024

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The following information is available for Western Opal Ltd. image text in transcribed

Required

(a) Calculate the following ratios for 2024 and 2023:
(i) debt ratio (ii) equity ratio (iii) capitalisation ratio.

(b) What do these ratios indicate about the company’s gearing?

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 25, 2024 06:02 AM

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The following information is available for Western Opal Ltd. Required (a) Calculate the following ratios for 2024

Question:

2024 2023 Total assets $3 500 000 $3 250 000 Total liabilities 1995 000 1 690 000 Share capital 730 000 960 000 Retained earnings 730 000 790 000

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Accounting

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