Posted: December 28th, 2015

Comment on the outcome of the auditor’s report for Marks and Spencer plc. Briefly discuss the importance the auditor’s report with respect to financial information.

What is (are) the principal activity(ies) of this business?

2 marks

Question 2:

Comment on the outcome of the auditor’s report for Marks and Spencer plc. Briefly discuss the importance the auditor’s report with respect to financial information.

4 marks

Question 3:

Compute the following ratios, using the table provided below as a template:

32 marks

Profitability

1. Return on equity (ROE)
2. Gross profit margin
3. Net profit margin

Liquidity

1. Current ratio

Asset Management

1. Inventory (stock) turnover period
2. Trade payables’ (creditors’) turnover period

Other

1. Gearing ratio
2. Price earnings ratio