Financial Statement: Tesco Plc Annual Report Questions
Comment on the outcome of the auditor’s report for Tesco Plc. Briefly discuss the importance the auditor’s report with respect to financial information.
The main objective of the auditor’s report is to provide information to the Members of the Group. The report represents TESCO PLC activity in accordance with the EU’s law and gives a fair view of the company during the last two years.
Compute the following ratios, using the table provided below as a template Ratio | Expression | 2012 | 2011 | 2012 result | 2011 Result | Industry Average …show more content…
g) Gearing ratio | | (13,731:17, 801)*100 = 77.14% | (12,852:16 623)*100 = 77.3% | 77.14% | 77.3% | 4% | h) P/E ratio | | 386:34.98 = 11.03 x | 275: 33.10 = 8.3 x | 11.03x | 8.3x | 9.0 x