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the company spent about 243 million pounds more on the administration expenses, which direct effect the retained profit of the company. Therefore, the retained profit in 2009 is less than 2008, which should be given more clear explanation. 

The Tesco Company is has steady profitability situation in the recent years. In 2009, the return on capital employed of Tesco is 11.84%, while the competitor ASDA got 16.28%. However, the net profit margin of ASDA is just 2.68%, which is much lower than Tesco’s. The reason for that is the turnover of 2009 for ASDA and Tesco is ₤18,570 million and ₤54,327 million respectively. From above, it shows the Tesco company has a quite good sales and the net profit, which result by many different kinds of retails increased the sales. 

5.2 Liquidity
The ratios of liquidity is to measure the corporation’s ability on refunding short-term liabilities, including current ratio, quick ratio本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。