The Gildan Activewear Inc. financial statements that appear in Appendix A at the end of this book

Question:

The Gildan Activewear Inc. that appear in Appendix A at the end of this book and on MyAccountingLab provide details about the company's long-term debt. Use the data to answer the following questions:
1. How much did Gildan Activewear Inc. borrow on bank and long-term debt during the fiscal year ended October 2, 2011? How much long-term debt did Gildan Activewear Inc. repay during fiscal 2011? During fiscal 2010?
2. What type of long-term debt is listed on the at October 2, 2011? See Note 8, and be specific.
3. What is the interest rate charged on the long-term line of credit?
4. What types of shares are outstanding? If dividends were paid during fiscal 2011, what was the amount of the dividends paid?
5. Does Gildan Activewear Inc. have any operating or capital/finance leases outstanding during fiscal 2011?
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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...