Nestlé's financial statements are presented in Appendix B, and its complete annual report is available at www.nestle.com.

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Nestlé's financial statements are presented in Appendix B, and its complete annual report is available at www.nestle.com. Petra Foods' financial statements are presented in Appendix C, and its complete annual report is available at www.petrafoods.com.
Instructions
Use the financial statements provided in this textbook, as well as the notes to the financial statements provided at each company's website, to answer the following questions.
(a) What was the amount of basic earnings per share reported by each company for the most recent fiscal year shown? (For Petra Foods, use earnings related to continuing operations.)
(b) Compute the return on ordinary shareholders' equity for both companies for the most recent fiscal year shown. (For Petra Foods, use earnings related to continuing operations.) Discuss the relative profitability of the two companies.
(c) What was the total amount of dividends paid by each company for the most recent fiscal year shown?
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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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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