Foggle Plc has the following balances in its statement of financial position at 31 August 2019:
$\begin{array}{lr}
& £ 000 \
\text { 5\% Bonds } 2022 & 6,000 \
\text { Equity } & 8,000 \
\text { Non-current liability bank loan } & 2,000 \
\text { Current liability bank loan } & 640 \
\text { Bank overdraft } & 320
\end{array}$ Based on the above figures, what is Foggle Plc's gearing ratio at 31 August 2019?

Question

Foggle Plc has the following balances in its statement of financial position at 31 August 2019:
$\begin{array}{lr} 
& £ 000 \
\text { 5\% Bonds } 2022 & 6,000 \
\text { Equity } & 8,000 \
\text { Non-current liability bank loan } & 2,000 \
\text { Current liability bank loan } & 640 \
\text { Bank overdraft } & 320
\end{array}$ Based on the above figures, what is Foggle Plc's gearing ratio at 31 August 2019?

Quizplus · Accepted Answer

The Answer of Foggle Plc has the following balances in its statement of financial position at 31 August 2019:
$\begin{array}{lr} 
& £ 000 \
\text { 5\% Bonds } 2022 & 6,000 \
\text { Equity } & 8,000 \
\text { Non-current liability bank loan } & 2,000 \
\text { Current liability bank loan } & 640 \
\text { Bank overdraft } & 320
\end{array}$ Based on the above figures, what is Foggle Plc's gearing ratio at 31 August 2019?

Foggle Plc Has the Following Balances in Its Statement of Financial