Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a recent fiscal year:

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)?

Transcribed Image Text:

SearsCanadian Tire Beginning of year Total assets Total liabilities Total shareholders' equity $7,784 1,754 1,483 3,565 End of year Total assets Total liabilities Total shareholders' equity 3,405 5,102 1,658 Changes during year in shareholders' equity Issue of shares Dividends Total revenu Total expenses Other decreases in shareholders' equity 69 8,687 8,352 148 es 5,201 60