The financial statements of M&S are presented in Appendix 5B or can be accessed at the book’s companion website, www.wiley.com
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
(a) What investments does M&S report in 2008, and where are these investments reported in its financial statements?
(b) How are M&S’s investments valued? How does M&S determine fair value?
(c) How does M&S use derivative financial instruments?