Osborne Online Credit Control Test One - Q12

dalmatian
dalmatian Registered Posts: 37 New contributor ?
When working out ratio, they give the formula (long term debt / long term debt + equity) but what is considered equity?? They provide you with share capital, profit and loss account and shareholders' funds. I thought it would be just share capital but the answer does not match. Would be grateful for someone's help here.
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