The financial statements of (M&S) are presented in Appendix E. The company’s complete annual…

The financial statements of (M&S) are presented in Appendix E. The company's complete annual report, including the notes to the financial statements, is available online. Instructions Refer to M&Ss financial statements and the accompanying notes to answer the following questions. (a) What were M&Ss total assets at 28 March 2015? At 29 March 2014? (b) How much cash (and cash equivalents) did M&S have on 28 March 2015? (c) What were M&Ss selling and marketing expenses in 2015? In 2014? (d) What were M&Ss revenues in 2015? In 2014? (e) Using M&Ss
The financial statements of (M&S) are presented in Appendix E. The company's complete annual report, including the notes to the financial statements, is available online. Instructions Refer to M&Ss financial statements and the accompanying notes to answer the following questions. (a) What were M&Ss total assets at 28 March 2015? At 29 March 2014? (b) How much cash (and cash equivalents) did M&S have on 28 March 2015? (c) What were M&Ss selling and marketing expenses in 2015? In 2014? (d) What were M&Ss revenues in 2015? In 2014? (e) Using M&Ss fi nancial statements and related notes, identify items that may result in adjusting entries for prepayments and accruals. (f) What were the amounts of M&Ss depreciation and amortization expense in 2014 and 2015? Presented below are 11 income statement items from Braun Company for the year ended December 31, 2017. Instructions (a) Using the information above, prepare a condensed multiple-step income statement. Assume a tax rate of 30% and 100,000 shares of common stock outstanding during 2017. (b) Compute comprehensive income for Braun in 2017, assuming Braun had an unrealized holding loss on an available-forsale debt investment, net of tax, $12,000.

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