Smyrna Limited has the following liabilities in its statement of financial position:
$$\begin{array}{l}
\begin{array} {lll }
&£000\
\text {bank loan due for repayment in 3 years' time }&150\
\text {bond payment due in 6 months' time}&50\
\end{array}
\end{array}$$ The company has a gearing % of 50%. Based on these figures, what is Smyrna Limited's equity?

Question

Smyrna Limited has the following liabilities in its statement of financial position:
$$\begin{array}{l}
\begin{array} {lll } 
&£000\
\text {bank loan due for repayment in 3 years' time }&150\
\text {bond payment due in  6 months' time}&50\
\end{array}
\end{array}$$ The company has a gearing % of 50%. Based on these figures, what is Smyrna Limited's equity?

Quizplus · Accepted Answer

The Answer of Smyrna Limited has the following liabilities in its statement of financial position:
$$\begin{array}{l}
\begin{array} {lll } 
&£000\
\text {bank loan due for repayment in 3 years' time }&150\
\text {bond payment due in  6 months' time}&50\
\end{array}
\end{array}$$ The company has a gearing % of 50%. Based on these figures, what is Smyrna Limited's equity?

Smyrna Limited Has the Following Liabilities in Its Statement of Financial