Refer to the consolidated financial statements and accompanying notes for Reitmans (Canada)
Limited reproduced in Appendix A.
Instructions
(a) Did Reitmans report any of the following in fiscal 2012:
(1) Stock dividends or stock splits,
(2) Other comprehensive income, or
(3) Corrections of prior period errors?
(b) Did Reitmans repurchase any shares in fiscal 2012? If so, how much cash did it spend to reacquire the shares?
(c) Basic EPS of $0.72 for 2012 was reported in the chapter in Illustration 14-8. How much was basic EPS for 2011? Did EPS improve or weaken in 2012?
(d) Did Reitmans report any fully diluted EPS in fiscal 2012 and 2011? If yes, what was the difference between these amounts and the basic EPS in each year?
(e) Reitmans' price-earnings ratio for 2012 was reported in the chapter in Illustration 14-9. Its price-earnings ratio for 2011 was 13.4 times (based on a market value per share of $17.81 on January 29, 2011). Did the price earnings ratio improve or weaken in 2012? Is your answer consistent with your findings in part (c)? Explain.
(f) Reitmans' payout ratio for 2012 was reported in the chapter in Illustration 14-10. Calculate its payout ratio for 2011. Explain what caused the difference between the two years.