Question: The financial statements of M&S are presented in Appendix E. The companys complete annual report, including the notes to the financial statements, is available online.

The financial statements of M&S are presented in Appendix E. 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. What was M&S’s 2017 short-term debt and related weighted-average interest rate on this debt?

b. What was M&S’s 2017 working capital, acid-test ratio, and current ratio? Comment on M&S’s liquidity.

c. What types of commitments and contingencies has M&S reported in its financial statements?

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a MSs shortterm borrowings were 518 million at 30 April 2017 Current m Bank loans and overdrafts 703 Finance lease liabilities 04 6250 US500m mediumte... View full answer

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