I will pay for the following essay Question: Using the statement of accounts and published performance information for two companies of your choice operating i. The essay is to be 4 pages with three t

I will pay for the following essay Question: Using the statement of accounts and published performance information for two companies of your choice operating i. The essay is to be 4 pages with three to five sources, with in-text citations and a reference page.

Despite a tough market, Marks and Spencer was able to make progress on a number of fronts. Sales rose by 2%. These results were in line with the strategic goals of the company. Significant improvements were made in Marks and Spencer’s U.K business in that the company was able to enhance its stores and products. In addition, Marks and Spencer was able to strengthen its brand name (Marks and Spencer, 2012). The multichannel business outperformed the rest of the market with double digit growth recorded in its priority international markets. During the year 2012, Marks and Spencer was committed to delivering consistent returns to its shareholders. The company plans to pay a final dividend of 10.8 per share which is in line with the dividend policy put in place last year (Marks and Spencer, 2012). Marks and Spencer made a profit of ?486.9million in 2012. This is as opposed to ?598.6million the previous year. Shareholders are interested in profit because the overall objective of the company is to maximise the value of shareholders because they are the ones who provide capital for the business. Marks and Spencer reported this information in its annual report and account as a means of communicating to the shareholders that it is working in line with their objectives. The annual report also enables shareholders to decide whether to sell their shares in the company or continue to hold them. Given that Marks and Spencer has proven that it can meet their objective of generating profit, shareholders are unlikely to withdraw their capital from the company. Tesco Plc’s financial statements include the Statement of Financial Position, the Consolidated Income Statement, the Consolidated Cash flow Statement and the Consolidated Statement of Changes in Owner’s Equity. Shareholders are interested in the information contained in these financial Statements. Tesco Plc made a profit of ?2,814million in 2012 compared with a profit of ?2,671million in 2011. Tesco Plc reported these figures in its Income statement for the year ended 2012 as a means of telling shareholders that it is creating value for them. Tesco Plc also reported the earnings per share figures for 2011 and 2012. The respective figures were 34.43p and 36.75p. Tesco Plc had equities totalling ?17,801million and ?16,623million for 2012 and 2011, respectively. This figure is reported to enable shareholders understand the financial risk that is being faced by the company. Shareholers interprete a high debt to equity ratio as a indicating a high degree of financial risk. This enables them to determine the required rate of return on their investment in the company. In addition to shareholders, another interested party to the financial statements of a company are debt holders. Debt holders are interested in the level of profit that the company is making. As such the profitability figures reported by Marks and Spencer and Tesco Plc enable debtholders to determine whether the companies can generate enough profit to cover the payment of interest and principal. This information enables debt holders to determine whether to buy the companies’ bonds or not. The cash flow statement is also of significant importance to debt holders. The cash flow statement reports three types of cash flows.