JennileeSymons JennileeSymons

12-10-2022
Business

Answered

All Glow (Pty) Ltd are financed as follows:
20 million ordinary shares of R2 each R40 000 000
5 000 debentures of R1 000 each R 5 000 000
Retained income R15 000 000
Long-term loans R20 500 000
Calculate the debt: equity ratio (based on book values).

Answer :

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