Lassonde Industries Inc. manufactures and sells fruit and vegetable juices and drinks, as well as specialty food products under such brand names as Oasis, Fruit̩, Fairlee, and Canadian Club. The company۪s products are distributed to wholesalers, supermarkets, and food service providers. The following information was reported in a recent annual report:

LASSONDE INDUSTRIES INC.
Consolidated Statement of Financial Position
For the Years Ended December 31
(in thousands of Canadian dollars)

LASSONDE INDUSTRIES INC.
Consolidated Statement of Cash Flows
For the Years Ended December 31
(in thousands of Canadian dollars) (audited)

Additional information related to 2010 at year end is as follows:
Shareholders€™ equity ............... $ 200,846
Total assets .................. 368,858
Property, plant, and equipment ........... 149,843
Accounts receivable .............. 57,934
Inventories .................. 91,833
Accounts payable and accrued liabilities ...... 65,996
The company declared and paid a dividend of $ 1.23 per share during fiscal year 2012 and $ 1.19 per share during fiscal year 2011. The market price per share was $ 64.00 at December 31, 2011, and $ 75.52 at December 31, 2012.
Required:
1. Compute the ratios discussed in this chapter for the last two years. If there is insufficient information, describe what is missing and explain what you would do.
2. Assume the role of an investment adviser. A client of yours has the opportunity to invest $ 1 million in shares of international companies. Prepare a written evaluation of relevant ratios and indicate whether you would recommend to your client that the $ 1 million be invested in the shares of Lassonde Industries.

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LASSONDE INDUSTRIES INC. Consolidated Statement of Income For the Years ended December 31 in thousands of Canadian dollars) Dec. 31 2012 Dec. 31 2011 Sales Cost of sales Selling and administrative expenses (Gains) losses on capital assets $1,022.218 $760 258 548,876 151.035 743.387 194,584 1.269) 936.702 85,516 24,055 699,911 60,347 13,928 Operating profit Financial expenses Other (gains) losses Profit before income taxes Inoome tax expense Profit Attributable to: 58,512 13.482 45.030 46,386 11,804 34,471 Company shareholders Non-controlling interest 43.946 1.084 $ 45.030 34,582 5.12 6.729 Basic and diluted earnings per share (in $) Weighted average number of shares outstanding $ 6.29 in thousands) 6,998 2012 2011 Assets Current Cash and cash equivalent Accounts receivable Inventories Investment Other current assets Non-current assets held for sale Derivative instruments 22,186 103,792 162,065 2,079 10,272 $96,999 166,708 2,036 16,157 605 4,137 286,642 237 486 141,008 1.069 3,284 922 127.630 $798,041 1,039 301,433 238,894 129,940 4,082 Property. plant, and equipment Other intangible assets Net defined benefit asset Deferred tax assets Other long-term assets Goodwill 697 124.982 $300,028 Liabilities Current Bank overdraft Bank indebtedness Acoounts payable and accrued liabilites Other current liabilities Derivative instruments Current portion of long-term debt 7,987 15,710 117,858 550 228 133,575 749 2,966 12.750 150.040 1,563 598 282,456 19,015 38,151 491.823 149,168 612 634 312,451 17.918 38,007 518.790 Derivative instruments Net defined benefit liability Long term debt Deferred tax liabilities Other long-term liabilities Shareholders equity Capital, reserves, and retained eamings attributable to the 262,661 16.590 279,251 $798,041 Company shareholders Non-controlling interest 17314 $800,028 2011 $ 34.582 Operating Activities $45,030 Profit Adjustments for: Inoome tax expense Interest inoome and expense Depreciation and amortization Change in fair value of financial instruments Change in net defined benefit assetliability Gain on disposal of property, plant, and equipment Impairment losses on property, plant, and equipment Other (gains) losses Unrealized foreign exchange gains 13,482 22,746 31,622 3,896 (5,259) 1269) 11804 12,051 23,073 1,948 (5,907) 49 Change in non-cash operating working capital items Taxes received Taxes paid Interest received Interest paid Settlements of derivative financial instruments Uneamed discounts 110,309 22,680 887 (11,183) 208 (21,131) (567) 297 101.500 77292 7573) 283 (14497) 593 (10,260) 45.838 Financing activities Change in bank indebtedness Change in long-term debt related to the operating line of (15,710) (10,038) 15,710 9.018 credit Increase in long-term debt Repayment of long-term debt Dividends paid on Class A shares Dividends paid on Class B shares Proceeds from the issuance of Class A shares Repurchase of Class A shares Investment of the non-controlling interest Increase in other long-term liability 227,749 (8,240) (3,601) 4,465) 30,196 450 (12,662) (3,978) (4,615) (58) 15,918 35,774 318,001 Investing activities Consideration transferred on business combination, net of (392,910) acquired cash on hand Acquisition of an investment Acquisition of property, plant, and equipment Acquisition of other intangible assets Proceeds from the disposal of property, plant, and equipment (36) (19322) (279) 106 (25,432) (1,647) (24.867) 30,080 (7,987) (412441) (48,602) 40,937 Increase (decrease) in cash equivalents Cash and equivalent at beginning Impact of exchange rate changes on cash and cash equivalent Cash and cash equivalent at end Additional cash ñow information is presented in Note 27 22.186