INTRODUCTION
Tesco PLC is one of the biggest grocery retailer in the UK with it headquarter located in Chestnut, Hertfordshire, England, UK. When compared with other retailer that deals on merchandise, it ranks third when profits is the measuring rod. Tesco PLC has over 2,318 stores around the globe and has to its name 1,878 stores in the entire UK. It has its operational stores in Asia and the rest of Europe. Tesco offers a broad range of services which includes both online and offline services.
The purpose of this undertaking, is to critically carryout an X-ray of the financial position of Tesco, with a view of carrying out an anatomy on how solvent the company is, to determine the various factors that has led to its success or decline.
The methodology to be used would be the employment of quantitative ratios such as gross profit ratio, current asset ratio, current asset, acid test, gearing ratio etc to critically analyze the financial report of Tesco over the past 5 years, from 2010 to 2014. The information needed in other to achieve the objectives will be from the financial statement of Tesco for the period under review.
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Some of the visions of Tesco are as follows;
• Tesco wants to be a business wanted and needed in all part of the world: Tesco has the vision of being the leading company or enterprise that is wanted or on the lips of every member of a house or one that everybody wants to be associated with.
• To become a growing business, with abundant of opportunities: Tesco wants to be one that of the fastest growing business and one full of abundant opportunities for anyone that intends to be associated with its. How Tesco plans to achieve this, is what draws my attention to