Requirements:
This coursework has two sections. Section A has one question and Section B has two questions
SECTION A
This assignment requires each student to work on the published financial statements of Marks and Spencer plc for the last three years from 2020 to 2022.
You are required to write a report to evaluate the performance, liquidity and financial structure of the three years from 2020 to 2022.
You should use the accounting ratios shown below and any other information relevant to Marks and Spencer plc. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company’s performance and position.
You should also highlight any limitations in the use of accounting ratios that you found in your analysis and evaluation of the company over the three-year period. This may include reference to the movements in the company’s share price.
SECTION B
Question 1
Mr and Mrs Evgeni run a private company, Evgeni Gifts Ltd, selling gifts and Jewellery items from the Far-East. Mr Evgeni has asked you to prepare set of financial statement for the year ended 31 December 2021 as soon as possible. The company’s accountant had to take time off due to health issues. The following balances have been extracted from the records of the company for the year ended 31 December 2021.
Additional Information:
- Stock at 31st December 2021 valued at cost amounted to £22,500.
- Depreciation is to be provided on fixtures and fittings at 20% on cost, and at 10% on reducing balance method for motor vehicle.
- Provision is to be made for electricity for £725.
- Insurance paid in advance at 31st December 2021 was £525.
Question 2
The Balance Sheets of financial positions for the year ended 31st December 2020 and 2021 have been prepared for Boris Limited.
Required
Mr Boris has asked you to prepare Boris Limited’s statement of cash flows for the year ended 31st December 2021.
Write a short memo to Mr Boris explaining the findings of your statement of cash flow.
Additional information:
There were no purchases or sales of plant and machinery during the year.
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