Access the financial statements for Air Canada for the year ended December 31, 2011, through SEDAR (www.sedar.com)
Question:
(a) Calculate the debt to equity ratio. In your opinion, is this a high or low ratio? Discuss.
(b) Go to the DBRS website at www.dbrs.com. What ratings has DBRS given to Air Canada?
(c) Go to note 25 of the financial statements. This note deals with the transition to IFRS and explains the impact of the transition. What is the impact on accounting for long-term debt instruments and variable interest entities?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a The debt to equity ratio for Air Canada is 334 This ratio indicates that Air Canada is highly leveraged The deficit balance of equity indicates a we...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1118300855
10th Canadian Edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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