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

Refer to M&S’s financial statements and the accompanying notes to answer the following questions.

a. Under M&S’s share-based compensation plan, share options are granted annually tokey managers and directors.

1. How many options were granted during 2019 under the plan?

2. How many options were exercisable at year-end 2019?

3. How many options were exercised in 2019, and what was the average price of those exercised?

4. How many years from the grant date do the options expire?

5. To what accounts are the proceeds from these option exercises credited?

6. What was the number of outstanding options at year-end 2019, and at what average exercise price?

b. What number of diluted weighted-average shares outstanding was used by M&S in computing earnings per share for 2019 and 2018? What was M&S’s diluted earnings per share in 2019 and 2018?

c. What other share-based compensation plans does M&S have?