Ratio analysis 2: liquidity, working capital, and long-term financial stability
. Caribou Limited's statement of financial position presents the following figures at 31 December 2021:
Non-current assets: £15,000,000
Current assets: £5,500,000
Current liabilities (including bank overdrafts of £20,000 and current portion of long-term borrowings of £200,000): £4,400,000
Non-current liabilities (including long-term borrowings of £6,000,000): £6,600,000
Equity: £9,500,000
What is Caribou Limited's gearing % at 31 December 2021?

. Moose Limited's statement of financial position presents the following figures at 31 October 2021 (all figures are in £000):
Current Liabilities
Current portion of long-term borrowings: £350
Trade payables: £1,880
Taxation payable: £565
Bank overdrafts: £200
Total current liabilities: £2,995
Non-Current Liabilities
Long-term bank borrowings: £7,000
6% Debenture loan: £2,850
Provisions: £750
Total non-current liabilities: £10,600
Total equity: £15,600
What is Moose Limited's gearing % at 31 October 2021?

. Stag Limited's statement of financial position presents the following figures at 31 August 2021 (all figures are in £000):
Current Liabilities
Current portion of long-term borrowings: £150
Trade payables: £2,670
Taxation payable: £628
Bank overdrafts: £35
Total current liabilities: £3,483
Non-Current Liabilities
Long-term bank borrowings: £5,900
5% Bonds repayable 2025: £7,500
Provisions: £1,500
Total non-current liabilities: £14,900
Equity
Share capital: £10,000
Share premium: £12,000
Retained earnings: £13,321
Total equity: £35,321
What is Stag Limited's gearing % at 31 August 2021?