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. What is the par or stated value of M&S’s preference shares?

b. What is the par or stated value of M&S’s ordinary shares?

c. What percentage of M&S’s authorized ordinary shares was issued at year-end 2019?

d. How many ordinary shares were outstanding at year-end 2018 and 2019?

e. What was the pound amount effect of the cash dividends on M&S’s equity?

f. What is M&S’s return on ordinary share equity for 2019 and 2018?

g. What is M&S’s payout ratio for 2019 and 2018?