JJG Co is planning to raise $15 million of new finance for a major expansion of existing business and is considering a rights issue, a placing or an issue of bonds. The corporate objectives of JJG Co, as stated in its Annual Report, are to maximise the wealth of its shareholders and to achieve continuous growth in earnings per share. Recent financial information on JJG Co is as follows:Required:(a) Evaluate the financial performance of JJG Co, and analyse and discuss the extent to which the company has achieved its stated corporate objectives of:(i) maximising the wealth of its shareholders;(ii) achieving continuous growth in earnings per share.Note: up to 7 marks are available for financial analysis.(12 marks)(b) If the new finance is raised via a rights issue at $7·50 per share and the major expansion of business hasnot yet begun, calculate and comment on the effect of the rights issue on:(i) the share price of JJG Co;(ii) the earnings per share of the company; and(iii) the debt/equity ratio. (6 marks)(c) Analyse and discuss the relative merits of a rights issue, a placing and an issue of bonds as ways of raising the finance for the expansion. (7 marks)

JJG Co is planning to raise $15 million of new finance for a major expansion of existing business and is considering a rights issue, a placing or an issue of bonds. The corporate objectives of JJG Co, as stated in its Annual Report, are to maximise the wealth of its shareholders and to achieve continuous growth in earnings per share. Recent financial information on JJG Co is as follows:

Required:

(a) Evaluate the financial performance of JJG Co, and analyse and discuss the extent to which the company has achieved its stated corporate objectives of:

(i) maximising the wealth of its shareholders;

(ii) achieving continuous growth in earnings per share.

Note: up to 7 marks are available for financial analysis.(12 marks)

(b) If the new finance is raised via a rights issue at $7·50 per share and the major expansion of business has

not yet begun, calculate and comment on the effect of the rights issue on:

(i) the share price of JJG Co;

(ii) the earnings per share of the company; and

(iii) the debt/equity ratio. (6 marks)

(c) Analyse and discuss the relative merits of a rights issue, a placing and an issue of bonds as ways of raising the finance for the expansion. (7 marks)

相关考题：

Which of the following constitute Juran's "quality trilogy":A . planning, inspection, control.B . planning, improvement, control.C . planning, organization, control.D . product, price, customer.E . design, build, deliver.
查看答案
123 Which of the following constitute Juran's "quality trilogy":A. planning, inspection, control.B. planning, improvement, control.C. planning, organization, control.D. product, price, customer.E. design, build, deliver.
查看答案
3 You are the manager responsible for the audit of Keffler Co, a private limited company engaged in the manufacture ofplastic products. The draft financial statements for the year ended 31 March 2006 show revenue of $47·4 million(2005 – $43·9 million), profit before taxation of $2 million (2005 – $2·4 million) and total assets of $33·8 million(2005 – $25·7 million).The following issues arising during the final audit have been noted on a schedule of points for your attention:(a) In April 2005, Keffler bought the right to use a landfill site for a period of 15 years for $1·1 million. Kefflerexpects that the amount of waste that it will need to dump will increase annually and that the site will becompletely filled after just ten years. Keffler has charged the following amounts to the income statement for theyear to 31 March 2006:– $20,000 licence amortisation calculated on a sum-of-digits basis to increase the charge over the useful lifeof the site; and– $100,000 annual provision for restoring the land in 15 years’ time. (9 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Keffler Co for the year ended31 March 2006.NOTE: The mark allocation is shown against each of the three issues.
查看答案
a back of infirmity:(). A.confirmationB. disablityC. soundnessD.expansion
查看答案
膨胀率(percentage of bed-expansion)(名词解释)
查看答案
《立式金属罐容量试行检定规程》的标准编号是()。 A、JJG163—1998B、JJG166—1987C、JJG166—1998D、JJG168—2005
查看答案
ThedoctortoldPennythattoomuch_____tothesunisbadfortheskin.(A)exposure(B)extension(C)exhibition(D)expansion
查看答案
《石油产品用玻璃液体温度计检定规程》的标准编号是()A.JJG113-1996B.JJG616-1996C.JJG500-1996D.JJG50-1996
查看答案
Which of the following actions are stated in the correct order prior to loading or discharging cargo on a Ro-Ro vessel?A.Lower the stern ramp，raise/open the stern door，turn on ventilation for cargo holdsB.Turn on ventilation for cargo holds，raise/open the stern door，lower the stern rampC.Turn on ventilation for cargo holds，lower the stern ramp，raise/open the stern doorD.Raise/open the stern door，lower the stern ramp，turn on ventilation for cargo holds
查看答案
【单选题】查询计算机应用技术和软件技术专业成绩大于80分的学生信息的命令是？A．db.students.find({$and:[{$or:[{"major":"计算机应用技术"},{"major":"软件技术"}]},{"score":{$gt:80}}]})B．db.students.find({$or:[{$or:[{"major":"计算机应用技术"},{"major":"软件技术"}]},{"score":{$gt:80}}]})C．db.students.find({$and:[{$or:[{"major":"计算机应用技术"},{"major":"软件技术"}]},{"score":{$gte:80}}]})D．db.students.find({$and:[{"major":"计算机应用技术"},{"major":"软件技术"},{"score":{$gt:80}}]})
查看答案
热门标签