The financial statements of The North West Company Inc. are presented in Appendix A at the end of this book.
Instructions
(a) Using the statement of earnings (income statement), answer the following questions:
What amount did the company report as basic earnings per share for the years ending January 31, 2016 and 2015?
What was its weighted average number of shares for each year?
(b) Review Note 15: Share Capital and answer the following questions:
1. How many common shares and preferred shares has the company authorized?
2. How many common shares had been issued on January 31, 2016 and 2015? How does the number of issued shares compare with the weighted average number of shares determined in part (a) (2) above?
3. On average, what amount did the company receive for each common share that it has issued as at January 1, 2016?
(c) Using the statement of changes in shareholders' equity, answer the following questions:
1. Did North West report other comprehensive income or loss for the years ended January 31, 2016 and 2015? If so, how much?
2. Did the company declare any dividends for the years ended January 31 2016, and 2015? If so, how much?