Financial statements of Roots Corporation The major financial statements of Roots Corporation for the year ended January 30, 2021, are included in Exhibits 1.29A

Required 

a. Find the following amounts in the statements: 

i. Total sales for fiscal year 2021 

ii. Total cost of goods sold for fiscal year 2021 

iii. Selling, general, and administrative expenses for fiscal year 2020 

iv. Interest expense for fiscal year 2020 

v. Income tax expense for fiscal year 2021 

vi. Net income for fiscal year 2021 

vii. Inventories at the end of fiscal year 2021 

viii. Accounts payable and accrued liabilities at the beginning of fiscal year 2021 

ix. Shareholders’ equity at the end of fiscal year 2021 

x. Retained earnings (deficit) at the end of fiscal year 2021 

xi. Cash provided from operating activities in fiscal year 2021 

xii. Cash payments to acquire fixed assets in fiscal year 2021 

xiii. Cash used to repay long-term debt in fiscal year 2021 

xiv. Cash used to pay dividends in fiscal year 2021

b. Does Roots finance its business primarily with debt or with shareholders’ equity? Support your answer with appropriate data. 

c. Did Roots have a net inflow or a net outflow of cash from financing activities in 2021? What about from its investing activities? 

d. Does Roots use a classified statement of financial position? Explain.

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ROOTS CORPORATION Consolidated Statement of Financial Position As at January 30, 2021 and February 1, 2020 (in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Inventories Prepaid expenses Total current assets Non-current assets Loan receivable Lease receivable Fixed assets Right-of-use assets Intangible assets Goodwill Total non-current assets Total assets Liabilities and shareholders' equity Current liabilities Bank indebtedness Accounts payable and accrued liabilities Deferred revenue Income taxes payable Current portion of lease liabilities Current portion of long-term debt Derivative obligations Total current liabilities Non-current liabilities Deferred tax liabilities Long-term portion of lease liabilities Long-term debt Total non-current liabilities Total liabilities Note 19 4, 14 5, 19 14, 18 9, 14 6, 19 9, 19 7 7 14, 19 15 9, 14, 19 10, 14 8, 14 15 9, 14, 19 10, 14 January 30, February 1, 2021 2020 $ 9,166 7,165 42,401 3,137 61,869 608 1,187 47,981 79,995 190,777 7,906 328,454 $390,323 $ 25,850 5,759 5,955 22,197 4,984 418 65,163 15,891 78,989 66,100 160,980 226,143 $ 949 7,158 40,152 5,418 53,677 585 1,511 55,694 128,322 193,079 7,906 387,097 $440,774 $ 7,226 20,252 6,011 2,008 26,569 4,984 158 67,208 13,942 124,590 84,528 223,060 290,268