Excerpts from the 2013 financial statements of Gildan Activewear Inc. are in Exhibits11A to C.

In the questions below, the year 2013 refers to Gildan€™s fiscal year ended September 29, 2013, and the year 2012 refers to the prior year ended September 30, 2012.
Required:
a. Find the following amounts in the statements:
i. Net sales in 2013
ii. Total selling, general, and administrative expenses in 2013
iii. Income tax expense (recovery) in 2012
iv. Net income (earnings) in 2013
v. Inventories at the beginning of 2013
vi. Trade accounts receivable at the end of 2012
vii. Retained earnings at the end of 2013
viii. Long-term debt at the end of 2012
ix. Cash flows from operating activities in 2013
x. Cash payments to acquire property, plant, and equipment in 2013
xi. Dividends paid in 2013
xii. Cash produced or used for investing activities in 2013
b. Did Gildan Activewear finance its business primarily from creditors (total liabilities) or from shareholders (shareholders€™ equity) in 2013? Support your answer with appropriate calculations.
c. List the two largest sources of cash and the two largest uses of cash in 2013. (Consider operating activities to be a single source or use of cash.)
d. Did Gildan Activewear prepare a classified statement of financial position? How can you tell?
e. Calculate the difference between the current assets and current liabilities at the end of 2013, and at the end of 2012. This amount is referred to as working capital. Did the company€™s working capital improve in 2013? Explain.

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GILDAN ACTIVEWEAR INC.'S 2013 CONSOLIDATED STATEMENTS OF EARNINGS GILDAN ACTIVEWEAR INC CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME Years ended September 29, 2013 and September 30, 2012 in thousands of U.S. dollars, except per share data) 2013 2012 Net sales Cost of sales Gross Selling, general and administrative expenses (note 17(a)) Restructuring and acquisition-related costs (note 18) Operating income Financial expenses, net (note 15(c) Equity earnings in investment in joint venture Earnings before income taxes $2,184,303 1,550,266 634,037 282,563 8,788 342,686 12,013 $1,948.253 1.552,128 396.125 226,035 14,962 155,128 11.598 330,719 10,541 320,178 144.127 e tax expense (recovery) (note 19) Net earnings Other comprehensive income (loss), net of related income taxes (note 15(d)) 148.464 Cash fiow hedges Actuarial gain on employee benefit obligations 6,419 436 6,855 S 327,033 GILDAN ACTIVEWEAR INC.'S 2013 CONSOLIDATED STATEMENTS (6,399) 323 (6,076) S 142.388 Comprehensive income OF FINANCIAL POSITION GILDAN ACTIVEWEAR INC. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in thousands of U.S. dollars) September 29, 2013 September 30 2012 Current assets: S 97,368 Cash and cash equivalents (note 6) Trade accounts receivable (note 7) Income taxes receivable Inventories (note 8) Prepaid expenses and deposits Assets held for saloe inote 18) Other current assets 257,595 700 595,794 14,959 5,839 11,034 980,712 553.068 8,029 8,694 912,600 Total current assets Non-current assets: Property, plant and equipment (noto 9) Intangible assets (note 10) Goodwill (note 10) Investment in joint venture Deferred income taxes (note 19) Other non-current assets 552.437 259,981 143,833 12,126 4,471 10,989 983,837 $1.896.437 655,869 247,537 150,099 1,443 991 1,062,939 Total non-current assets Total assets Current liabilities: Total current liabilities 651 S 289,414 289,414 $ 256,442 256.442 Accounts payable and accrued liabilities September 29, ber 30, 2013 Non-current liabilities: Long-term debt (note 11) Employee benefit obligations (note 12) Provisions (note 13) 18,486 16,325 34,811 324,225 181,000 19,612 13,042 213,654 470,096 Total non-current liabilities Total liabilities Commitments, guarantees and contingent liabilities (note 24) Share capital Contributed surplus Retained earnings Accumulated other comprehensive income 107,867 28,869 25,579 1,306,724 Total equity attributable to shareholders of the Company Total liabilities and equity (656) 1,719,426 S2,043,651 1.426.341 $1,896,437 HET 1-120 GILDAN ACTIVEWEAR INC.'S 2013 CONSOLIDATED STATEMENTS OF CASH FLOWS GILDAN ACTIVEWEAR INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended September 29, 2013 and September 30, 2012 in thousands of U.S. dollars) 2013 2012 Cash flows from (used in) operating activities: Net earnings Adjustments to reconcBe net eamings to cash flows from operating actvities (note 22(a) S 320,178 $ 148.464 94,221 429,201 242.685 109,023 Changes in non-cash working capital balances: Trade accounts recelvable Income taxes Inventories Prepald expenses and deposlts Other current assets Accounts payable and accrued liabilrties 2,986 (36,660) 2.440 (392) (38,092) (1,098) (1,896) 7 (61.798) 427,156 219,582 Cash flows from operating activities Cash flows from (used in) Investing activities: Purchase of proporty, plant and equipment Purchase of intangible assets Business acquisitions note 5) Proceeds on disposal of assets held for sale and property, plant and equlpment Dividond recolved from investmont in (162,643) 71,316) (4,315) (8,027) (87.373) 600 1.509 (172,136) 162,019 2,849 t vonture Cash lows used in investing activities Cash flows from (used in) financing activities: Decrease in amounts drawn under revolving long-term bank credit facility (181.000) (28,000) (43,723) (38,615) 1,501 (5,990) (228,330) (69,104) Dividends pald Proceeds from the issuance of shares Share repurchases for future settlement of non-Treasury RSUs (note 14(e) Cash flows usod in financing activitios Effect of exchange rate Net increase (decrease) in cash and cash equivalents during the year Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Cash pald during the period (included in cash flows from operating activities): (9,621) on cash and cash equlvalents denominated in currencies 268 26,958 (11615) 82,025 s 97,368 70,410 Interest Income taxes S 4,278$,101 4,331 9,340