a. What alternative formats could M&S have adopted for its statement of financial position? Which format did it adopt? b. Identify the various techniques of disclosure M&S might have used to disclose additional pertinent financial information. Which technique does it use in its financials? C. In what classifications are M&S's investments reported? What valuation basis does M&S use to re- port its investments? How much working capital did M&S have on 31 March 2016? On 1 April 2017? d. What were M&S's cash flows from its operating, investing, and financing activities for 2017? What were its trends in net cash provided by operating activities over the period 2016 to 2017? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities. e. Compute M&S's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. What do these ratios indicate about M&S's financial conditions? Marks and Spencer plc (M&S) IFRS5.7 The financial statements of M&S are presented in Appendix E. The company's complete an nual report, including the notes to the financial statements, is available online, Instructions Refer to M&ss financial statements and the accompanying notes to answer the following questions, a. What alternative formats could M&S have adopted for its statement of financial position? Which format did it adopt? b. Identify the various techniques of disclosure M&S might have used to disclose additional pertinent financial information. Which technique does it use in its financials? C. In what classifications are M&S's investments reported? What valuation basis does M&S use to re- port its investments? How much working capital did M&S have on 31 March 2016? On 1 April 2017? d. What were M&S's cash flows from its operating, investing, and financing activities for 2017? What were its trends in net cash provided by operating activities over the period 2016 to 2017? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities. e. Compute M&S's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. What do these ratios indicate about M&S's financial conditions? Marks and Spencer plc (M&S) IFRS5.7 The financial statements of M&S are presented in Appendix E. The company's complete an nual report, including the notes to the financial statements, is available online, Instructions Refer to M&ss financial statements and the accompanying notes to answer the following questions