Three drills on Lesson 1. All you need is a calculator and the definitions — the point is to make the ratio, the bands and the diversification line stop being words.
- 🟢 Easy · Read the ratio — build target capital from its parts, compute the ratio, name the band.
- 🟡 Medium · Where the margin went — the same filing under the old and the current definition, and why the number barely moves but the meaning does.
- 🔴 Hard · The dividend question — a board wants to pay out. Work out how much it can, and what it must do first.