Refer to the financial statements of Canadian Tire Corporation given in Appendix A at the end of this book. The following questions illustrate the types of information that you can find in the financial statements and accompanying notes.
1. What items were included as non- current assets on the statement of financial position (balance sheet)?
2. What is the carrying amount of equipment the company owned at December 29, 2012?
3. The company spent $ 98 million on capital expenditures in 2012. Were operating activities or financing activities the major source of cash for these expenditures?
4. What was the company’s largest asset (net) at December 29, 2012?
5. What was the amount of interest expense for 2012?

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