Rogers Communications Inc. is a Canadian company headquartered in Toronto, operating primarily in the fields of wireless communication, cable television, telephone, and Internet connectivity. Following is its shareholders' equity statement, prepared using IFRS, from its 2012 annual report.

Required

a. Did Rogers Communications issue any additional Class A or Class B shares during 2012?

b. Use the information above to determine how much Rogers Communications paid in dividends during 2012.

c. The company repurchased stock during 2012. Explain how many shares and what Class were repurchased.

d. Did the transaction involving shares issued on exercise of stock options affect net income for the year? Explain.

e. Explain the available-for-sale financial assets reserve. Why did the account balance decrease during the year?

f. Compute return on equity for 2012 .

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Class A Voting Shares Class B Non-Voting Shares Years ended December 31, 2012 (in millions of Canadian dollars) Balances, January 1, 2012.... Net income for the year.. Other comprehensive income (loss): Defined benefit pension plans, net of tax.... Available-for-sale investments, net of tax. Derivative instruments, net of tax.... Total other comprehensive loss... Comprehensive income for the year Transactions with shareholders, recorded directly in equity: Repurchase of Class B Non-Voting shares .. Dividends declared....... Shares issued on exercise of stock options.. Total transactions with shareholders... Balances, December 31, 2012.... Amount $72 $72 Number Total of Number of Shares Financial Share- Shares Share Retained Assets Hedging holders' (000s) Amount (000s) Premium Earnings Reserve Reserve Equity 412,395 $243 $2,443 112,462 $406 $433 $(25) $3,572 1,700 1,700 (10) | | (9,637) (243) 30 (9) (9,607) 112,462 $397 402,788 | || || (243) (180) Available- for-Sale (97) (820) (190) (180) (190) 1,520 (190) (917) $3,046 $243 35 35 35 I $10 (180) (190) 35 (335) 1,365 (350) (820) 1 (1,169) $3,768