The financial statements of Jean Coutu are presented in Appendix B following the financial statements for Shoppers
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(a) Jean Coutu reports "cash and cash equivalents"; Shoppers reports only "cash". Refer to Jean Coutu's statement of cash flows. What is the amount of its "cash and cash equivalents" at the end of its most recent fiscal year?
(b) The notes to Jean Coutu's financial statements specify that its cash equivalents consist of temporary investments off set by any bank overdraft s. Refer to Jean Coutu's statement of financial position and identify the amounts of its "cash and cash equivalents" at the end of the most recent fiscal year.
(c) Compare the amount of Jean Coutu's cash and cash equivalents with that reported by Shoppers Drug Mart at the end of the most recent fiscal year. Which company has the better cash position at the end of the most recent fiscal year?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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