The financial statements of Marks and Spencer plc (M&S) are available at the book's companion website or can be accessed athttp://annualreport.marksandspencer.com. section dowmload , financial statements 2012

Instructions

Refer to M&S's financial statements and the accompanying notes to answer the following questions.

Compute M&S's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2012. What do these ratios indicate about M&S's financial conditions?