Introduction to J. Sainsbury Plc Essay
The objective of financial reporting/statements is to provide information about the reporting entity’s financial performance and financial position that is useful to a wide range of users for assessing the stewardship of the entity’s management and for making economic decisions.
This is a report on the operations of J. Sainsbury Plc and Tesco Plc, and will focus on a financial analysis and comparative analysis, from which an evaluation will be drawn on to determine which of the two companies would seem to be a more viable investment to a potential investor. ... …show more content…
Financial ratio analysis is a very important tool used to interpret so much about accounts and businesses. When we use ratio analysis we can work out the profitability of a business, tell if it has enough money to pay its debts and even tell a bit about its shareholders situation/reaction. It provides a quick and relatively simple means of examining the financial conditions of a business like checking whether a business is doing better this year than its previous year; and also comparing it to similar businesses in the industry.
J Sainsbury PLC
J Sainsbury PLC is one of the leading food retailers in the UK and also has interests in financial services. It comprises of Sainsbury's
Supermarkets, Bells Stores, Jackson's Stores and Sainsbury's Bank.
There are currently 583 Sainsbury’s supermarkets throughout the UK employing over 145,000 people, offering over 34,000 products and serving over 11 million customers a week. It is for these reasons that careful management of operations within each of the stores is vital to ensure that all processes are kept running smoothly so that customers can be served and products can be replenished.
Customers want a quality service when they shop. A quality service is defined as ‘a