Go to Connect for the financial statements of RONA Inc. Required: Answer each of the following questions

Question:

Go to Connect for the of RONA Inc.
Required:
Answer each of the following questions and indicate where you located the information to answer the question.
1. What method(s) of depreciation of property, plant, and equipment and amortization of does the company use?
2. What types of property, plant, and equipment does RONA own or control as at December 30, 2012?
3. What types of does RONA own as at December 30, 2012?
4. What is the amount of accumulated depreciation on the company’s buildings as at December 30, 2012?
5. For depreciation purposes, what is the estimated useful life of the computer hardware? How old is the computer hardware, on average?
6. What amount of depreciation and amortization expense was reported for the 2012 fiscal year?
7. Did RONA acquire any businesses during fiscal year 2012? If so, what was the total cost of acquisition and what percentage of that cost was attributed to goodwill?
8. What is the fixed ratio for the 2012 fiscal year? What does it suggest?
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.