The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or
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com/documents/publications/2010/Annual_Report_2010.
Instructions
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
(a) What was M&S’s 2010 short-term debt and related weighted-average interest rate on this debt?
(b) What was M&S’s 2010 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?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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