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In: AccountingHarrods is a high-end department store chain in London. House ofFraser is high-end department store...Harrods is a high-end department store chain in London. House ofFraser is high-end department store in Edinburgh, Scotland.Consider the following data for these two companies (Millions of£).Current Liabilities in 2015Current Liabilities in 2016Cash from Operations2016Expenditures on PPE2016Harrods1293.71703.7316.242.8House of Fraser357.5354.017.218.1Compute the operating cash flow to current liabilities ratio forboth firmsCompute the free cash flow for both firms.Compute Operating cash flow to Capital ExpendituresComment on the results of your computations (at least 3comments).
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