Locate Aritzia’s February 28, 2021, Annual Report. Notice that all amounts are reported in thousands of Canadian dollars. Also, Aritzia has a fiscal year-end that changes from year to year. In these statements, the statements are for a year ended February 28, 2021, and March 30, 2020.

Required

1. How much accounts receivable did Aritzia have at February 28, 2021?

2. What were the total assets at February 28, 2021? At March 1, 2020?

3. Write the company’s accounting equation at February 28, 2021, by filling in the dollar amounts:

4. Identify net revenue for the fiscal period ended February 28, 2021. Aritzia presents this information on a “Consolidated Statements of Operations” report rather than calling it an income statement. What was the revenue for the period ended March 1, 2020? Did revenue increase or decrease during fiscal 2021?

5. How much net income or net loss did Aritzia experience for the year ended February 28, 2021? Was 2021 a good year or bad year compared to 2020?

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Assets = Liabilities + Owners' Equity