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Extracts from the Financial Statements of Snowdrop Products Limited for the Year

Question 29

Multiple Choice

Extracts from the financial statements of Snowdrop Products Limited for the year ended 31 January 20X2 are as follows: Extracts from the financial statements of Snowdrop Products Limited for the year ended 31 January 20X2 are as follows: What is the gearing ratio (worked out as debt/debt + equity) (to one decimal place) ? A) 62.4% B) 64.2% C) 89.4% D) 69.5% What is the gearing ratio (worked out as debt/debt + equity) (to one decimal place) ?


A) 62.4%
B) 64.2%
C) 89.4%
D) 69.5%

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