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Hello John,
I’m working through chapter 9 on the example 1 review of Repse Plc.
Please could you advise me how (in the standard answer) you arrive at the “book values” percentages in the gearing analysis (yr 1 – 50%, yr2 34.6% etc)
I’m sure the answer is staring me in the face but I can’t get to it!!
Many thanks
Marky
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