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Using the formula, gearing ratio = long-term liabilities/ (shareholders' funds + long-term liabilities) × 100/1, calculate the gearing ratio from the following information. Long-term liabilities $18m, Shareholders' funds $14m.
Foreign Operation
A business or branch of a company that operates in a country different from the country where the company is headquartered.
Local Operations
Business activities carried out within a company's domestic geographical area.
Functional Currency
The primary currency of the primary economic environment in which an entity operates and carries out its transactions.
Foreign Subsidiary
A company owned in part or whole by another company from a different country, operating under the laws of the country where it is located.
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