Answer
a.
M & S utilizes IFRS in classifying "Cash and cash equivalents", which come last in the list of the entity's current assets.
b.
M & S reports cash and cash equivalents of £250.9 million for 2015. Based on M & S, cash flow analysis, cash is utilized for activities such as payments to creditors, shared-based payments, pension scheme contributions and procurement of inventories.
c.
For 2015, M & S reports trade receivables amounting to £321.8 million. M & S reports trade receivables amounting to £1.4 million are past their due, but their impairment is yet to be conducted.
Work Step by Step
a.
M & S utilizes IFRS in classifying "Cash and cash equivalents", which come last in the list of the entity's current assets.
b.
M & S reports cash and cash equivalents of £250.9 million for 2015. Based on M & S, cash flow analysis, cash is utilized for activities such as payments to creditors, shared-based payments, pension scheme contributions and procurement of inventories.
c.
For 2015, M & S reports trade receivables amounting to £321.8 million. M & S reports trade receivables amounting to £1.4 million are past their due, but their impairment is yet to be conducted.
