This assignment will enable the student to achieve a preliminary review of corporate financial statements, compute a selection of ratios and draw broad, general conclusions from the analysis.

A secondary outcome is to gain familiarity with Sedar, whose website - www.sedar.com, provides access to most public securities documents. This site is designed so the information is easily accessible for the non-financial individual to increase their knowledge and awareness of the operations of publicly traded companies.

Use sedar website to get consolidated financial statements for below mentioned years.

a) Bombardier Inc. b) Canadian Tire Corporation c) Tim Horton Inc. (prior to the merger with Burger King) d) Loblaw Companies Ltd. e) Blackberry Limited (formerly Research in Motion - RIM)

For each company, calculate the financial ratios or group of ratios indicated below.

Perform calculations for the two years of data.

What goal is being measured?

State whether the ratios indicate that the company is improving, remaining flat, or declining. Consider the benchmark, if applicable.

a) Bombardier - Calculate and compare the Debt to Equity and Debt to Total Assets ratios to the benchmark, and year over year. b) Canadian Tire - Calculate and compare the Current and Quick ratios against the benchmark, and year over year. c) Tim Horton - Calculate and compare the Current and Quick ratios against the benchmark, and year over year. d) Loblaw - Calculate and compare the Cash Conversion Cycle for the two years. e) Blackberry Ltd. - Calculate and compare the Debt to Equity and Debt to Total Assets ratios for both years.

			2008	2007
Company	Ratio	Bench Mark	Recent value	Previous Value	Change	Comment
Bombardier	Debt to Equity	1.00
Debt to Total Assets	0.50
Blackberry	Debt to Equity	1.00
Debt to Total Assets	0.50

			2007	2006
Company	Ratio	Bench Mark	Recent value	Previous Value	Change	Comment
Canadian Tire	Current	2.00
Quick	1.00
Tim Horton	Current	2.00
Quick	1.00
Loblaw	Days Sales Outstanding
Days Sales in Inventory
Days Sales in Payables
Cash Conversion cycle