Use the following to answer the given question
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Use the following to answer the given question
BALANCE SHEET:
NNOrdinary share capital100,000Plant and Machinery60,0006% preference share capital60,000Furniture50,000Reserve20,000Motor van68,000180,000Stock14,00010% Debentures40,000Debtors36,000Creditors25,000Prepyments1,800Accrued Rent3,000bank18,200TotalN248,000N248,000
What is the ratio pf debentures to equity?
1 : 1
2 : 1
3 : 1
5 : 2
6.8 : 7
Correct answer is D
No explanation has been provided for this answer.
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