as per the below balance sheet and income statement solve these question

1- Revenue is the income generated from normal business operations. What is the business operation of TESCO (i.e. what do they do? Do they provide services or sell products? What is the service they provide or product they sell in order to generate revenues?)

2. Did TESCO make profit in 2021 and 2020? Was there an increase or decrease? Justify your answers by providing the total profit (loss) figures from the statement?

3. Calculate the Profit Margin Ratio for the year 2021

4. Calculate the percentage of Trade and Other receivables related to Current Assets for 2021 .

52 weeks ended 27 February 2021 Before Exceptional exceptional items and items and amortisation amortisation of acquired of acquired intangibles Intangibles Note 4 Em Em 53 weeks ended 29 February 2020 Before Exceptional exceptiona items and tems and amortisation amortisation of acquired of acquired Intang bles intangibles INote 4) Em Em Total Em Total Em Notes 2 383 (209) Continuing operations Revenue Cost of sales Impairment loss on financial assets Gross profit/(loss) Administrative expenses Operating profit/lloss) 57,887 (53.921) (384) 3,582 57,887 153,538) (384) 3,965 58.091 (53,600 (1831 4.307 58,091 (53.8101 (18.31 4,098 2 383 (209) 0.7677 1.815 (462) (79) (2.229) 1,736 (1,736 2,571 (156) (365) (1.892) 2,206 (8) 14 5 5 Share of post-tax profits/losses) of joint ventures and associates Finance Income Finance costs Profit/lloss) before tax Taxation Profit/(loss) for the year from continuing operations 26 15 (952) 904 26 15 1952) 825 20 11.0391 1,552 (81 20 (1.190) 1,028 (150 (524) (79) 6 1200) 704 96 17 (104) 721 (342) 1,210 52 (472) (290) 738 7 309 5.117 5,426 318 (831 235 Discontinued operations Profit/loss for the year from discontinued operations Profit/loss) for the year 1.013 5,134 6,147 1,528 (555) 973 27 February 2021 Em 29 February 2020 Em 23 February 2019 Em Notes 10 Non-current assets Goodwill and other intangble assets Property, plant and equipment Right of use assets Investment property Investments in joint ventures and associates Financial assets at fair value through other comprehensive income Investment securities at amortised cost Trade and other receivables Loans and advances to customers and barks Derivative financial instruments Deferred tax assets 6.078 19,234 6,874 26 307 866 gu # 5 = 8 6.223 19.186 7,713 36 602 979 12 13 14 16 16 18 19 24 5.393 17,211 5.951 19 178 11 752 170 3.309 1425 552 34.971 166 4,171 1,083 449 39,254 243 7.868 1.178 408 44,436 202 67 16 16 17 18 19 24 Current assets Financial assets at fair value through other comprehensive income Investment securities at amortised cost Inventories Trade and other receivables Loans and advances to customers and banks Derivative financial instruments Current tax assets Short-term investments Cash and cash equivalents Assets of the disposal groups and non-current assets classified as held for sale Current liabilities Trade and other payables Borrowings Lease liabilities Derivative financial instruments Customer deposits and deposits from banks Current tax liabilities Provisions 3 175 2.069 1263 3,093 37 41 1011 2.510 10.202 605 10.807 2.433 1.396 4.280 63 21 1,076 4.137 13,608 285 13.893 2.617 1.550 4.882 52 6 390 4.227 13.791 98 13.889 20 20 7 19.131) (2.874) 21 23 12 24 26 (8.3991 (1.080) (575) 181) 15.321) (791 (186) (15.721) (276) (5.1901 (8.9221 12.2191 1598) 160 16,3771 1324) 1955) (18,656) 1646) (250) 18.832) (325) 1226) (22.284) 27 7 14.7631 18.395) Liabilities of the disposal groups classified as held for sale Net current liabilities Non-current liabilities Trade and other payables Borrowings Lease liabilities Derivative financial instruments Customer deposits and deposits from banks Post-employment benefit obligations Deferred tax liabilities Provisions 21 23 12 24 26 29 6 27 (109) 16,188) (7.827) 1926) (1.017) 11.222) (48) (119) (17,456) 12,325 1170) 16.0051 18.9681 (887 11.8301 (3,0851 140) (137 (21.122 13,369 (365) 15,5801 19.859) (389) 13.296) (2.808) 1494 (147 (22.493) 13.548 30 Net assets Equity Share capital Share premium All other reserves Retained earnings Equity attributable to owners of the parent Non-controlling interests Total equity 490 5.165 3.183 3.505 12.343 (18) 12.325 490 5.165 3.658 4,079 13,391 122) 13,369 490 5.165 3.770 4.147 13.572 (24) 13,548