Question 2 The following summary extract information for the last 4 years relates to Hibrow plc, a UK retailer: Extract information Operating Profit after tax Long term liabilities Shareholders' funds Dividend per share Market value per share Weighted average cost of capital Number of ordinary shares 2012 2013 2014 2015 20,250,000 19,400,000 18,900,000 21,350,000 50,000,000 55,000,000 70,000,000 70,000,000 100,000,000 105,000,000 101,250,000 107.450,000 1.25 0.90 1.00 1.301 15.50 12.75 9.90 14.20 10% 5,000,000 12% 5.000.000 11% 10% 5.000.000 5,000,000 Required: a) Calculate the following investment ratios/percentages for the last 4 years: i) Gearing ii) Dividend cover i) Dividend yield iv) Return on equity w) Economic Value Added vi) Economic Value Added percentage change from 2013 to 2015 vii) Earnings per share vii) Pricelearnings ratio (16 marks) b) Critically discuss the performance of Hibrow over the last 4 years using your calculations in part a. Include in your discussion what additional qualitative information might shareholders and the wider stakeholder community find useful in order to assist in their financial decision making relating to Hibrow plc. (14 marks) (Total 30 marks) ka