Mathematics · Financial Ratios

An entity has the following balances in its Statement of Financial Position: - Equity Share Capital: $400,000 - Retained Earnings: $250,000 - Revaluation Surplus: $50,000 - 6% Redeemable Preference Shares: $100,000 - 10% Loan Notes: $200,000 Using the formula DebtDebt + Equity × 100, where Redeemable Preference Shares and Loan Notes are treated as Debt, what is the gearing ratio of the entity?