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Mine second section C question was to calculate gearing, interest cover and EPS. But they told “for both favourable and unfavourable cases”. But here were also 2 ways of investment, so I calculated for 4 cases ?? Rights issue Unf, Rights issue F. Loan notes unf, and loan notes F ?? hope at lease smth is correct ?
But I messed up with gearing because in last minute decided to change RE and in addition some formulas I used moved…
Oh, it is too emotional to take this ACCA
Totally agree.
And even smth that I learned and practiced (again NPV) I completely forgot some things related to tax and working capital… Like just blank peace of paper into the head
I understood that they have been already incurred them, so they should not benn included in NPV…
But I also lost in this question..
If the net CF is negative for the first year what tax payable should be? I indicated zero..
