Question: Prepare common size and trend statements from RONA's balance sheets for fiscal 2009 through 2011 and from its income statements for fiscal 2010 and 2011.

Prepare common size and trend statements from RONA's balance sheets for fiscal 2009 through 2011 and from its income statements for fiscal 2010 and 2011. Analyze the statements you prepared to identify any issues you think might require additional explanation. Explain why you identified these issues.

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Balance Sheet Common Size Trend As at December As at December Assets 2011 2010 2009 2011 2010 2009 Current Assets Cash 0006 0026 0088 0072 0316 1000 Trade and other receivables 0133 0103 0092 1491 120... View full answer

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