Refer to the financial statements and accompanying notes of Canadian Tire Corporation given in Appendix A at

Question:

Refer to the and accompanying notes of Canadian Tire given in Appendix A at the end of this book.
Required:
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 was reported as an expense for the 2012 fiscal year?
6. What is the company’s fixed ratio for fiscal 2012? 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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...