| 10      Which of the following factors would cause a company’s gearing ratio to fall?1 A bonus issue of ordinary shares.
 2 A rights issue of ordinary shares.
 3 An issue of loan notes.
 4 An upward revaluation of non-current assets.
 A 1 and 3
 B 2 and 3
 C 1 and 4
 D 2 and 4
 see answer reply D |