The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at corporate.marksandspencer.com/documents/publications/2010/Annual_Report_2010. Instructions Refer to

Question

32 users unlocked this solution today!

The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at
corporate.marksandspencer.com/documents/publications/2010/Annual_Report_2010.
Instructions
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
(a) What criteria does M&S use to classify “Cash and cash equivalents” as reported in its statement of financial position?
(b) As of 3 April 2010, what balances did M&S have in cash and cash equivalents? What were the major uses of cash during the year?
(c) What amounts related to trade receivables does M&S report? Does M&S have any past due but not impaired receivables?