Canadian Tire Corporation, Limited is one of Canada's best-known retailers. Obtain a copy of
Canadian Tire's financial statements for the year ended December 31, 2011, through SEDAR at
www.sedar.com or on the companys website. To answer the following questions, you may also want to include the 10-year financial review that is produced as supplementary information in the annual report.

Instructions
(a) How significant is Canadian Tire's investment in property, plant, and equipment compared with its investment in other assets? Compare this with sample companies in other industries, such as financial services, utilities, and technology. Comment.
(b) Calculate the company's total asset turnover for 2011, 2010, and 2009.
(c) Calculate the company's profit margin for the same three years.
(d) Calculate the company's return on assets for the same three years by using the ratios calculated in (b) and (c) above.
(e) Based on your calculations in (d), suggest ways in which Canadian Tire might increase the return that it earns on its investment in assets.