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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. Required

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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.


Required

Calculate the gearing ratio for Milly’s business.

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The gearing ratio also known as the debt to equity ratio measures the proportion of …View the full answer


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Related Book For  answer-question
Introducing Accounting For AS

Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Details
Chapter # 21- Accounting ratios
Section: Question
Problem: 4
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Question Posted: August 23, 2023 05:43:40
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