Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a

Question:

Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a recent fiscal year:

Selected information (in millions) is available for Sears Canada Inc.

Instructions
(a) Determine the missing amounts for [1] to [6].
(b) Which company has a higher proportion of debt financing at the end of its fiscal year? Of equity financing?
(c) Sears's year end is the last Saturday in January. Canadian Tire's year end is the last Saturday in December. How might these differing year-end dates affect your comparison in part (b)?

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Related Book For  book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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