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Financial Reporting Problem Marks and Spencer 2012

Marks and Spencer's financial report from 2012 to 2013 showed total assets decreasing from £7.6 billion to £7.3 billion. Revenues slightly decreased from £10 billion to £9.9 billion while selling and administrative expenses increased from £3 billion to £3.1 billion. Depreciation and amortization expense also decreased from £479.7 million to £463.2 million over the same period.

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ryan angelica allanic
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46 views

Financial Reporting Problem Marks and Spencer 2012

Marks and Spencer's financial report from 2012 to 2013 showed total assets decreasing from £7.6 billion to £7.3 billion. Revenues slightly decreased from £10 billion to £9.9 billion while selling and administrative expenses increased from £3 billion to £3.1 billion. Depreciation and amortization expense also decreased from £479.7 million to £463.2 million over the same period.

Uploaded by

ryan angelica allanic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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FINANCIAL REPORTING PROBLEM

MARKS AND SPENCER

2012
a. Total Assets 7,567,700,000
b. Cash and Cash Equivalents
c. Selling and Administrative Expenses 3,021,900,000
d. Revenues 10,026,800,000
e. Adjusting Entries for
1. Trade and Other Receivables
2. Trade and Other Payables
f. Depreciation and Amortization Expense 479,700,000
2013
7,273,300,000
193,100,000
3,107,000,000
9,934,300,000

463,200,000

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