Refer to the financial statements and accompanying notes of Canadian Tire Corporation given in Appendix A at the end of this book.
Answer each of the following questions and indicate where you located the information to answer the question.
1. How much did the company spend on property and equipment (capital expenditures) in fiscal 2012?
2. What is the estimated useful life of leasehold improvements for depreciation purposes?
3. What was the historical cost of fixtures and equipment held by the company at the end of the 2012 fiscal year?
4. What proportion of the cost of buildings has been depreciated as at December 29, 2012? Is it possible to estimate how old the buildings are, on average?
5. What amount of depreciation of property, plant, and equipment and amortization of intangible assets was reported as an expense for the 2012 fiscal year?
6. What is the company’s fixed asset turnover ratio for fiscal 2012? What does it suggest?

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