Question: Using Canadian Tire's financial statements that appear in Appendix A at the end of this book, answer the following: (Note: Canadian Tire's total assets were

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?

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