Tesco Plc are a group of companies that was founded in 1920 in London. The abovementioned four different divisions operate as stand-alone investment centres and are managed by four different teams. The group pays 20% corporation Tax on its Profit. It also paid an after-tax-dividend of £10m in 2020 and 2021. Any profits left over after paying taxes and dividends are added to the opening bank balance and this is rolled forward. The management decided to invest 20% of the y2021 cash flow bank balance in either one or two divisions. The figure should be rounded to the nearest whole £10,000. The balance can be split in half or in any range of weighting. The Board of Directors have the following target returns for the global firm 

i) ROCE Target 10% 

ii) Net Profit 35% 

iii) Asset Turnover 0.4 times. 

Part of their audited reports are presented in the table below. All sales and costs are in £000:

TESCO	TESCO Retail UK		TESCO Retail Ireland		TESCO Retail Central Europe		Tesco Bank		Tesco Group PLC
	2021	2020	2021	2020	2021	2020	2021	2020	2021	2020
	£’000	£’000	£’000	£’000	£’000	£’000	£’000	£’000	£’000	£’000
Output in Units	85.000	70.000	10.000	9.000	9.000	7.000	7.000	6.000
Sales	90.000	70.000	25.000	23.000	8.000	7.000	7.800	6.700	130.800	106.700
Variable Costs	20.000	18.000	6.000	5.000	2.500	1.500	1.800	1.600	30.300	26.100
Fixed Costs	20.000	20.000	16.000	16.000	5.000	5.000	5.000	5.000	46.000	46.000
Average Capital Value	180.000	180.000	80.000	80.000	9.000	9.000	7.500	75.000	276.500	344.000

1. Calculate and evaluate the comparative financial performance of the four divisions and implications for Tesco Group plc. as a whole.
2. Without doing further calculations, comment on the relevant performance measures calculated in Q1 and discuss whether there are more ratios that could help you evaluate a divisions’ performance. Highlight positive and negative points that relate to the ratios discussed and calculated in Q1and Q2.