Find the annual report of a Canadian company in the retailing business and answer the following questions:
Question:
Find the annual report of a Canadian company in the retailing business and answer the following questions:
a. How important is inventory relative to the other assets on the company’s statement of financial position (or balance sheet)?
b. Does the company finance its business primarily with debt (funds borrowed from creditors) or with equity (funds invested by owners)?
c. Read through the management discussion and analysis (which was covered in Chapter 1) and determine whether there is any information there that is not included in the financial statements. If you were a shareholder, would you think the extra information is important? Why or why not?
d. How many directors does the company have? What positions do they hold? Are any of them directors of other companies?
Step by Step Answer:
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley