(a(i))[2]
State two advantages for directors when a company issues preference shares.
(a(ii))[2]
State two advantages to preference shareholders when a company issues preference shares.
(b)[3]
Calculate the profit from operations for the year ending 31 December 2020.
(c(i))[1]
Calculate ROCE, correct to two decimal places, for 2020.
(c(ii))[2]
Calculate dividend cover for 2020, giving your answer to two decimal places.
(c(iii))[2]
Calculate dividend yield for 2020, to two decimal places.
(c(iv))[2]
Calculate gearing to two decimal places for 2020.
(d)[6]
Explain three actions the directors could take to reduce the gearing ratio.
(e)[5]
Advise the director whether or not he is correct that both the debenture and the preference shares adversely affect the ordinary shareholders. Support your answer.