(a)[4]
Explain the stewardship role of directors in a public limited company.
(b)[8]
Work out the working capital cycle (in days). Round each component to the nearest day.
(c(i))[2]
Calculate this ratio to two decimal places: price/earnings.
(c(ii))[3]
Calculate this ratio to two decimal places: dividend yield.
(c(iii))[3]
Calculate this ratio to two decimal places: interest cover.
(d)[5]
Explain why X plc has managed the working capital cycle more successfully than M plc.