Arthur Limited has the following balances in the statement of financial position at 31 January 2022.
$$\begin{array}{l}
\begin{array} {lll }
&£000\
\text {Praperty, plant and equipment}&525\
\text {Trade payales}&100\
\text {bank laan due for repayment in 5 years' time}&200\
\text {Inventory}&56\
\text {bank overdraft}&10\
\text {Trade and ather receivales}&75\
\text {Taxation payable}&20\
\text {Non-current asset investments}&18\
\text {Prepayments}&20\
\end{array}
\end{array}$$ Based on the above figures, what is the gearing %?

Question

Arthur Limited has the following balances in the statement of financial position at 31 January 2022.
$$\begin{array}{l}
\begin{array} {lll } 
&£000\
\text {Praperty, plant and equipment}&525\
\text {Trade payales}&100\
\text {bank laan due for repayment in 5 years' time}&200\
\text {Inventory}&56\
\text {bank overdraft}&10\
\text {Trade and ather receivales}&75\
\text {Taxation payable}&20\
\text {Non-current asset investments}&18\
\text {Prepayments}&20\
\end{array}
\end{array}$$ Based on the above figures, what is the gearing %?

Quizplus · Accepted Answer

The Answer of Arthur Limited has the following balances in the statement of financial position at 31 January 2022.
$$\begin{array}{l}
\begin{array} {lll } 
&£000\
\text {Praperty, plant and equipment}&525\
\text {Trade payales}&100\
\text {bank laan due for repayment in 5 years' time}&200\
\text {Inventory}&56\
\text {bank overdraft}&10\
\text {Trade and ather receivales}&75\
\text {Taxation payable}&20\
\text {Non-current asset investments}&18\
\text {Prepayments}&20\
\end{array}
\end{array}$$ Based on the above figures, what is the gearing %?

Arthur Limited Has the Following Balances in the Statement of Financial