1) How many voting Class A shares and non-voting Class B shares were issued and outstanding on March 31, 2020?

2) Evaluate the trend in Riders’ solvency, using the debt to equity ratio.

3) Calculate the average age percentage of Riders’ property and equipment for 2020 and 2019 and evaluate the result.

Transcribed Image Text:

STATEMENT OF FINANCIAL POSITION Saskatchewan Roughrider Foothall Club Inc. As at March 31, 2020 Operating Fund Stabilization Fund 2020 2019 ASSETS Curreut assets: S 10,052.102 1,228,610 9,485.393 566.709 Cast ard casb equivalents (Note 12) Arxuris reivalle (Nete 12) 1,228,610 387,965 1.116,909 Iaans receivable (Neie t) 387,965 1,116,909 1,831,796 585,947 Peepaied expenses Merchandise inventory 1,831,795 1.333,525 14,050,673 566,709 1-4,617,382 9.869,415 INVESTMENTS (Note 5) 7.051,519 7.051,519 7,111.72 LOANS RECEI VABLE (Note 4) 1,000.000 1,000,000 PROPERTY AND EQUIPMENT (Note 6) 50,526,928 50,526,928 51,0.6, 063 S 65,577,601 7,618,228 S 78,195,829 $ 71,030,270 LIABILITIESAND NET ASSETS Current liabilities: Accounts pavable and accrucd liabilities (Note 12) 1,725,722 S 1,725,722 $ 2,085,220 Coverr.ment remtttances payable T ferred reveuue (Nle 12) Corrnt partian sl'kıng-krm delat 99,565 99,565 34,168,601 31,168,604 50.759.548 55,993,891 35,993,891 NET ASSETS Fund asseis (20.943,218) 5, 125,790 (15,817,128) 50.526,928 (9,126,499) Irivest: il in proarty aml cquipment Membrrship shares (Nore 7) 50,526,928 2,492,438 2.492,138 2.465.938 29,583,710 7,618,228 37,201,938 37.385.502 S 65,377,601 7,618,228 S 75,195, 829 Comnimens and artingencies (Non: 11) See arenpang ing vedes Approved hy: Dirccior Direciar 21 STATEMENT OF FINANCIAL POSITION Saskatchewan Roughrider Foothall Club Inc. As at March 31, 2020 Operating Fund Stabilization Fund 2020 2019 ASSETS Curreut assets: S 10,052.102 1,228,610 9,485.393 566.709 Cast ard casb equivalents (Note 12) Arxuris reivalle (Nete 12) 1,228,610 387,965 1.116,909 Iaans receivable (Neie t) 387,965 1,116,909 1,831,796 585,947 Peepaied expenses Merchandise inventory 1,831,795 1.333,525 14,050,673 566,709 1-4,617,382 9.869,415 INVESTMENTS (Note 5) 7.051,519 7.051,519 7,111.72 LOANS RECEI VABLE (Note 4) 1,000.000 1,000,000 PROPERTY AND EQUIPMENT (Note 6) 50,526,928 50,526,928 51,0.6, 063 S 65,577,601 7,618,228 S 78,195,829 $ 71,030,270 LIABILITIESAND NET ASSETS Current liabilities: Accounts pavable and accrucd liabilities (Note 12) 1,725,722 S 1,725,722 $ 2,085,220 Coverr.ment remtttances payable T ferred reveuue (Nle 12) Corrnt partian sl'kıng-krm delat 99,565 99,565 34,168,601 31,168,604 50.759.548 55,993,891 35,993,891 NET ASSETS Fund asseis (20.943,218) 5, 125,790 (15,817,128) 50.526,928 (9,126,499) Irivest: il in proarty aml cquipment Membrrship shares (Nore 7) 50,526,928 2,492,438 2.492,138 2.465.938 29,583,710 7,618,228 37,201,938 37.385.502 S 65,377,601 7,618,228 S 75,195, 829 Comnimens and artingencies (Non: 11) See arenpang ing vedes Approved hy: Dirccior Direciar 21

Answer rating: 100% (QA)

1 As stated in note number 7 titled membership Shares there are 11744 Share issued and out... View the full answer