Compare Shoppers' balance sheet with Leon's. Describe how the composition of assets differs between the two companies.

Question:

Compare Shoppers' with Leon's. Describe how the composition of assets differs between the two companies. Given the different industries these two companies are in, do the differences make sense? Explain. In answering this question it may be helpful for you to calculate on a percentage basis what each asset represents as a pro portion of total assets.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...