in 2014 Q5 [B] [ii] i got a ratio of 3:1, equity to debt. but in the marking scheme its 1.3:1. i added up the same figures as well, its just my final answer thats different. anyone know why??
Marking scheme often is a bit dodgy with that sort of thing.
long term debt + pref shares : ORDINARY share capital + retained earnings.
Once you've subbed the respective figures in, that is the correct answer.