Reitmans (Canada) Limited's financial statements have been reproduced in Appendix A at the back of the textbook.
Instructions
(a) How many notes to the financial statements are presented for Reitmans? How many pages of the financial statement package do these notes use? How many pages do the financial statements themselves use?
(b) Many companies use a calendar year for their financial statements. What does Reitmans use?
(c) Where in the financial statements does it indicate that Reitmans' statements have been prepared using IFRS?
(d) What five financial statements has Reitmans presented for the year ended January 28, 2012?
(e) Where in the financial statements does it indicate that Reitmans reports the financial amounts in thousands of Canadian dollars?
(f) What we're Reitmans' total assets as at January 28, 2012? As at January 29, 2011?
(g) What we're Reitmans' total liabilities as at January 28, 2012? As at January 29, 2011?
(h) What is the amount of change in Reitmans' profit (Reitmans calls this "net earnings") from 2012 to 2011?