Selected information is available for Tim Hortons Inc. and Starbucks Corporation for a recent fiscal year: Instructions

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Selected information is available for Tim Hortons Inc. and Starbucks Corporation for a recent fiscal year:

Selected information is available for Tim Hortons Inc. and Starbucks

Instructions
(a) Determine the missing amounts for [1] to [6].
(b) Which company has the higher proportion of debt financing at the end of its fiscal year? Of equity financing?
(c) Tim Hortons' year end is the Sunday nearest to December 31. Starbucks' year end is the last Sunday in September. In addition, Tim Hortons reports its financial results in Canadian dollars and Starbucks reports in U.S. dollars. Is it appropriate to compare these two companies in (b)?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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