| 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
 
 D |