Managerial Finance: Calculation of Ratios and Performance Analysis

This report analyzes the financial performance of Marks & Spencer and Next plc through the calculation of ratios. It provides recommendations for improving areas of poor performance and discusses the limitations of relying on ratios for analyzing company performance. The report also explores investment appraisal techniques for project selection and discusses the limitations of capital appraisal techniques in long-term decision making. The comparison of the two companies' performance suggests that Next plc may be a better investment option.