9.20 The table below presents some of the key figures from the income statement of Tesco plc, extracted from its 2009 Annual Report.

2009 2008

£m £m Revenue 54 327 47 298 Cost of sales (50 109) (43 668)

Gross profit 4 218 3 630 Operating profit 3 206 2 791 Profit before tax 2 954 2 803 Profit after tax 2 166 2 130 Earnings per share 27.50p 26.95p Required: write a brief report on the performance of Tesco plc in 2009, including calculations of any accounting ratios that you think are relevant.