Smyrna Limited Has the Following Liabilities in Its Statement of Financial

Multiple Choice

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?

A) £75,000
B) £100,000
C) £300,000
D) £400,000