the financial statements of marks and spencer plc m s are 265188

The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http://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 is the par or stated value of M&S’s preference shares?

(b) What is the par or stated value of M&S’s ordinary shares?

(c) What percentage of M&S’s authorized ordinary shares was issued at

April 3, 2010?

(d) How many ordinary shares were outstanding at December 31, 2010, and

March 28, 2009?

(e) What was the pound amount effect of the cash dividends on M&S’s equity?

(f) What is M&S’s rate of return on ordinary share equity for 2010 and 2009?

(g) What is M&S’s payout ratio for 2010 and 2009?