MANAGING FINANCIAL INFORMATION ( part 2 ) Essay

MANAGING FINANCIAL INFORMATION ( part 2 ) - Essay ExampleThe results are also analysed for the prospects of harvest-feast and the ability of further development. The major competitors with which the ac conjunction has been compared are J Sainsbury Plc, Morrisons and Marks and Spencer.The company secured net revenue of 60,931 million for the 2011 financial year end. The revenue grew from 56,910 million as the company showed a maturation in revenue of over 7% for this particular year. The gross profit of the company also increase from 4,607 million to 5,060 million indicating a growth in the gross profit of 9.8% compared to last year where the growth in the gross profit was marginally over 10%. The following chart sheds light on the growth in revenue and gross profit of the company for the past 5 years (in millions). (Tesco Plc, 2011)The company was able to secure a net profit before taxation of 3,535 million for the year cease February 2011, which rose from 3,176 million in 2010 . The net profit after tax saw a wide growth as the company sustained a net profit after tax of 2,655 million for 2011 which was an increase of 14% since 2010 from 2,327 million. The adjacent chart shows the trend of the net profit before and after tax for the past 5 years (in millions).The total current assets of the company amounted to 11,438 million which rose from 11,392 million for the previous year. On the other hand, the total current liabilities were 17,731 million which rose considerably from the previous year as they were 16,015 million in 2010.This shows that the companys ratio of current assets to current liabilities indicates a lack of fluidness to finance the current liabilities. A trend of current assets and liabilities is shown which indicates that the current liabilities have always been over and higher up the current assets of the company, due to the nature of the companys business which is a retail business.The