This paper analyses financial performance of Marks and Spencer, for years 2002-2006. The impact of the improved performance on the financial ratios is discussed. The resulting effect on the stock price, and also the firm's credit rating is also mentioned. The paper then looks at the opportunities for M&S, and the key challenges ahead. The impact of the pursuing the opportunities on the financial ratios is also discussed. As each ratio is analysed, and each opportunity discussed, recommendations and suggestions are made as to what is practical for M&S to pursue.
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