Use the following information to answer the given question:

Issued capital.................100,000

Ordinary shares................40,000

Preference shares..............30,000

Reserves.......................10,000

Debentures.....................60,000

Current........................150,000

Fixed assets...................90,000

Current assets.................240,000

What is the percentage of equity to the total capital employed?

  • A 42%
  • B 12%
  • C 56%
  • D 59%
  • E 63%

The correct answer is B. 12%

No explanation given
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