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Arthur Limited Has the Following Balances in the Statement of Financial

Question 23

Multiple Choice

Arthur Limited has the following balances in the statement of financial position at 31 January 2022.
£000Praperty, plant and equipment525Trade payales100bank laan due for repayment in 5 years’ time200Inventory56bank overdraft10Trade and ather receivales75Taxation payable20Non-current asset investments18Prepayments20\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 %?


A) 30.26%
B) 54.95%
C) 57.69%
D) 63.64%

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