Refer to the financial statements of Canadian Tire Corporation (Appendix A) to Connect for the financial statements

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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. 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...
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...
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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