Canadian Tire financial statements appear in Appendix A at the end of this book Use information in the financial statements and the notes to the financial statements to answer the following 1 Describe the classes of shares that Canadian Tire has authorized How many of each class are issued and outs...

Req 1 Class Authorized Issued Common 3423366 3423366 Class A nonvoting 100000000 74023208 The infor ...

Canadian Tire financial statements appear in Appendix A at the end of this book. Use information in

Question:

Canadian Tire appear in Appendix A at the end of this book. Use information in the and the notes to the to answer the following:
1. Describe the classes of shares that Canadian Tire has authorized? How many of each class are issued and outstanding at the end of 2014?
2. Did Canadian Tire issue any new shares during 2014? If so, how many did it issue and what was the average issue price? (Challenge)
3. What was the total dollar value of dividends that Canadian Tire declared in 2014? How much cash did it use to pay dividends in 2014? Why are these figures different? (Challenge)
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...