Refer to the financial statements of Canadian Tire Corporation (Appendix A) to Connect for the financial statements of RONA Inc., and to the Industry Ratio Report (Appendix B on Connect). Compute the following ratios for fiscal year 2012: ROE, EPS, net profit margin, current ratio, inventory turnover, debt-to-equity, P/E, and dividend yield. Assume the stock price is $ 70 for Canadian Tire Corporation and $ 12 for RONA Inc. Compare the ratios for each company to the industry average ratios.
Answer to relevant QuestionsThe ratios computed for Canadian Tire in this chapter are compared with those of RONA Inc. and Richelieu Hardware Ltd. The comparison of ratios across these three companies assumes that they use the same accounting methods ...The notes to the 2011 financial statements of Canadian Tire Corporation contained the following information: 8.1 Acquisition of FGL Sports On August 18, 2011, the Company acquired control of FGL Sports. The Company’s ...On June 30, 2014, Forlini Company acquired some of the 50,000 outstanding common shares of Como Corporation. The fiscal years for both companies end on December 31. The following transactions occurred during 2014: Dec. 2 ...On August 4, 2013, Osaka Corporation purchased 1,000 common shares of Tremblay Ltée for $ 45,000. The following information applies to Tremblay’s shares: Date Price 31/ 12/ 2013 ........$ 52 31/ 12/ 2014 ...On June 1, 2014, Kappa Company acquired all of the net assets of Delta Company for $ 120,000 cash. The statements of financial position for both companies prior to the acquisition follow: Required: 1. How much goodwill was ...
Post your question