Refer to the Indigo financial statements located in Appendix A at the end of this book and on My Accounting Lab. Notice that all amounts are reported in thousands of Canadian dollars.

Also, Indigo has a 52-week fiscal year, so its fiscal year end changes from year to year.

In these statements, the year end was March 29 in 2014 and March 30 in 2013.

Required

1. How much accounts receivable did Indigo have at March 29, 2014?

2. What were total assets at March 29, 2014? At March 30, 2013?

3. Write the company's accounting equation at March 29, 2014, by filling in the dollar amounts:

Assets = Liabilities = Equity

4. Identify total revenue for the year ended March 29, 2014. Indigo presents this information on a "Consolidated Statements of Earnings" report rather than calling it an income statement. What was the revenue for the year ended March 30, 2013? Did revenue increase or decrease during fiscal 2014?

5. How much net income or net loss did Indigo experience for the 52-week period ended

March 29, 2014? Was 2014 a good year or bad year compared to 2013?