Using Canadian Tire's financial statements that appear in Appendix A at the end of this book, answer

Question:

Using Canadian Tire's that appear in Appendix A at the end of this book, answer the following: (Note: Canadian Tire's total assets were $13,228.6 and its common shareholders' equity was $4,764.3 at the end of 2012.)
Compute Canadian Tire's return on assets and return on equity for 2014 and 2013. For simplicity, treat the non-voting share capital as a component of common shareholders' equity. Based on this information, what is your assessment of Canadian Tire's performance in 2014 compared to 2013?
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...