ACT360 Intermediate Accounting 2 Portfolio Project The list provided below is divided into sections by modules to correspond with the reading and information in each module. It is strongly recommended that you complete each problem during the associated module. Then review the problems before the end of the course and submit the entire assignment when the Portfolio Project is due in Module 8. Submit the final delivery of your problem as one Word document. If you use Excel spreadsheets to answer the questions, please copy and paste the relevant sections into your document. You may submit only ONE document for the Portfolio Project. Please be sure all of your work is included and clearly label your answers, using APA for formatting and citation as required. Your portfolio is due Sunday 11:59 pm MTN time at the end of Module 8. Marks and Spencer Group plc (M&S) Refer to the Marks and Spencer Group financial statements and the accompanying notes to answer the following questions. The financial statements of M&S can be accessed at: http://corporate.marksandspencer.com/documents/publications/2010/annual_report_2010 Module 1 1) What cash outflow obligations related to the repayment of long-term debt does M&S have over the next 5 years? 2) M&S indicates that it believes it has the ability to meet business requirements in the foreseeable future. Prepare an assessment of its liquidity, solvency, and financial flexibility using ratio analysis. 3) What is the par or stated value of M&S’s preference shares? 4) What is the par or stated value of M&S’s ordinary shares? 5) What percentage of M&S’s authorized ordinary shares was issued at April 3, 2010? 6) How many ordinary shares were outstanding at April 3, 2010, and March 28, 2009? Module 2 Under M&S’s share-based compensation plan, share options are granted annually to key managers and directors. 1) How many options were granted during 2010 under the plan? 2) How many options were exercisable on March 29, 2010?
3) What number…