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Question - The company C. Aker AS will close the accounts for 20x1. Preliminary balance sheet as of 31 December 20x1 shows:
As of December 31, 20x1 Debit Credit
Miscellaneous assets 500,000
Share capital 100,000
Top course 20,000
Other equity 40,000
Payable tax 0
Other debt 290,000
Sales revenue 250,000
Various expenses 200,000
Tax cost 0
700,000 700,000
Accounting and tax values are equal. All income and expenses are taxable in the tax assessment. The tax rate is 25%.
What is the equity ratio (equity ratio) as of 31 December 20x1?
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