Milly has provided 130,000 capital for her business. She has borrowed 30,000 for business use, from BHSC Bank plc. Required
Milly has provided £130,000 capital for her business. She has borrowed £30,000 for business use, from BHSC Bank plc.
Calculate the gearing ratio for Milly’s business.
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Step by Step Answer:
Chapter # 21- Accounting ratios
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: August 23, 2023 05:43:40