1. Using Rio Tinto 2022 Annual Report, calculate the following and provide the detail of calculations: (CLO 3, CLO 7)

Debtors’ Ratio (days) =

Creditors’ Ratio (days) =

Debt / Equity Ratio =

2. Discuss the concept of corporate objectives in the context of agency theory. Take the example of a company to support your discussion. In this case what tools are available to align the interests of shareholders with those of managers. (CLO 4, CLO 6)

3. Jumpjet plc has 6,000,000 ordinary shares in issue and the company has been making regular annual profits after tax of £3,000,000 for some years. The share price is £5.

A proposal has been made to issue 2,000,000 new shares in a rights issue, at an issue price of £4.50 per share.