The financial statements of M&S (GBR) are presented in Appendix A. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions

a. What were M&S’s total assets at March 30, 2019? At March 31, 2018?

b. How much cash (and cash equivalents) did M&S have on March 30, 2019?

c. What were M&S’s selling and administrative expenses in 2019? In 2018?

d. What were M&S’s revenues in 2019? In 2018?

e. Using M&S’s financial statements and related notes, identify items that may result in adjusting entries for prepayments and accruals.

f. What were the amounts of M&S’s depreciation, amortisation, and underlying write-offs in 2018 and 2019?