Refer to the financial statements and the accompanying notes of Canadian Tire Corporation given in Appendix A and of RONA Inc. on Connect.
Required:
1. Total assets is a common measure of the size of a company. Which company had the higher total assets at the end of the most recent year?
2. Net sales is also a common measure of the size of a company. Which company had the higher net sales for the most recent year?
3. Growth during a period is calculated as
Growth Rate = [(Ending Amount – Beginning Amount)/ Beginning Amount] x 100
Which company had the higher growth rate in total assets during the most recent year? Which company had the higher growth rate in net sales during the most recent year?