Question: Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a recent fiscal year: _________________________________Sears .................Canadian Tire Beginning of
Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a recent fiscal year:
_________________________________Sears .................Canadian Tire
Beginning of year
Total assets...............................$ [1]............................$12,338.8
Total liabilities.............................1,638.7................................[4]
Total shareholders' equity...............1,092.0.................4,409.0
End of year
Total assets..................................2,479.1................................[5]
Total liabilities....................................[2]..........................8,417.8
Total shareholders' equity................1,076.4..........................[6]
Changes during year in shareholders' equity...-....................-
Repurchase of shares...........................0.1............................225.0
Dividends.....................................101.9....................................97.7
Total revenues..............................4,511.1........................11,451.0
Total expenses....................................[3]........................10,951.8
Other decreases in shareholders' equity....14.8.................10.9
Instructions
(a) Determine the missing amounts for [1] to [6].
(b) Which company has a higher proportion of debt financing at the end of its fiscal year? Of equity financing?
(c) Sears's year end is the last Saturday in January. Canadian Tire's year end is the last Saturday in December. How might these differing year-end dates affect your comparison in (b)?
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a All amounts are in millions of dollars Sears 1 Total assets Total liabilities Total shareholders equity Total assets 16387 10920 Total assets 27307 ... View full answer
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