Go to Connect for the financial statements of RONA Inc. and related notes. Required: 1. Use the

Question:

Go to Connect for the financial statements of RONA Inc. and related notes.

Required:

1. Use the company’s statement of financial position to determine the amounts in the accounting equation (A 5 L 1 SE) as at December 30, 2012.

2. If the company were liquidated at the end of the current year (December 30, 2012), are the shareholders guaranteed to receive $ 1,883,576,000?

3. What are the company’s non- current liabilities?

4. What is the company’s current ratio?

5. Did the company have a cash inflow or outflow from investing activities? How much?

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...