Question 1:
Wm Morrison Supermarkets plc is a supermarket chain with 439 superstores around the United Kingdom. Morrison's, as a grocery retailing business, they are focused on offering groceries and home wares to their customers and some electronics, clothing and furnishings can also be found in their stores. It is a supermarket that offers a range of goods including both branded and label products. The company's aim is to provide all its clients the best quality products for the less money wherever they live.
Question 2:
The auditor's report of Chris Hearld for Morrison's, explains that all their financial statements have been properly prepared in accordance with what is legally required. This report is just an opinion on whether the information is correct and free from material misstatements, whereas all the other purposes in using them are users' decisions.
Question 3:
Ratio | Expression | 2011 | 2010 | 2011 Result | 2010 Result | Industry Average |
ROE | Net Income x100 Shareholder equity | 632 x100 5420 | 598 x100 4949 | 11.7% | 12.1% | 19% |
Gross profit margin | Gross profit x100 turnover | 1148 x100 16479 | 1062 x100 15410 | 7% | 6.9% | 10% |
Net profit margin | Net profit x 100 turnover | 632 x100 16479 | 598 x100 15410 | 3.8% | 3.9% | 3% |
Current ratio | Current assets Current liabilities | 1138 2086 | 1092 2152 | 0.5 | 0.5 | 1.7 |
Inventory turnover period | Inventories x 365 Cost of sales | 638 x 365 15331 | 577 x 365 14348 | 15.2 days | 14.7 days | 50 days |
Payables' turnover period | Trade payables x365 Cost of sales | 268 x 365 15331 | 199 x 365 14348 | 6.4 days | 5 days | 20 days |
Gearing ratio | Long term liabilities Capital employed | 1643 x100 7063 | 1659 x100 6608 | 23% | 25% | 4% |
P/E ratio | Share price Earnings per share | 2.70 0.24 | 2.48 0.23 | 11.3 x | 10.8 x | 9.0 x |
1455 words Takis Panagiotis Dontis-Charitos
Question 4:
a) (16479...
This is a photograph of Alexander Morrison (1849â€...
English: Herbert Morrison
Robert Morrison's tomb