1) The goal of the financial manager must be consistent with the mission of the corporation which is to maximise the wealth of shareholders. Making investment decisions, selecting finance choices and managing the funding for daily operations are tasks that are carried out by a financial manager. Explain how do these tasks impact the shareholders' wealth in a company? 2) Jessica currently holds 10,000 shares in Ford Car Company. The company has issued a total of 500,000 ordinary shares and no preference shares are issued. The available earnings for ordinary shareholders totals $560,000 and its shares are currently selling for $11 per share in the market. The company intends to retain these earning and pay a 10% bonus shares instead of a cash dividend. Find the following: a) What are the current earnings per share (EPS) before the bonus shares distribution? b) Expressedasapercentage,whatproportionofFordCarCompanydoesJessica own before the bonus share distribution? c) WhatisthemarketvalueofJessica'ssharesbeforethebonussharedistribution? d) Expressed as a percentage, what proportion of the Ford Car Company will Jessica own after the bonus share distribution? e) What will be the market value of Jessica's shares after the bonus share distribution, if the market price is $10 per share? 3) At the end of its third year of operations, the Sandifer Manufacturing Company had $4,500,000 in revenue (sales); $3,375,000 in cost of goods sold; $450,000 in total operating expenses; $75,000 in interest expense and had a tax liability equal to 30% of the firm's taxable income. Construct an income statement for the year and find the net profit