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(a) According to modern managerial finance, maximization of shareholders' wealth is a more preferred goal as compared to profit maximization. Discuss. (6 marks) (b) One

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(a) According to modern managerial finance, maximization of shareholders' wealth is a more preferred goal as compared to profit maximization. Discuss. (6 marks) (b) One of the more important roles of a finance manager is to manage his company's working capital. Discuss any THREE (3) factors a finance manager needs to consider when analyzing the credit worthiness of a potential customer. ( 9 marks) (c) Indicate how the following events would impact the stock prices in general and the implication on Top Glove Corp's stock price: (i) The government announces that inflation is foresee to jump by 5 percent next year. (2 marks) (ii) Top Glove's quarterly earnings report, just released, generally fell in line with analyst's expectations. (2 marks) (iii) The government reports that economic growth for next year to be at 2 percent, higher than last year. (2 marks) (iv) The directors of Top Glove passed away in the Covid19 outbreak. (2 marks) (v) Finance ministry approves the re-introduction of Goods Service Tax (GST) rate of 6% starting this year. (2 marks) (Total: 25 marks)

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