Selected information (in millions) is available for Sears Canada Inc. and Canadian Tire Corporation, Limited for a recent fiscal year:

Instructions
(a) Determine the missing amounts for [1] to [6].
(b) Which company has a higher proportion of debt financing at the end of its fiscal year? Of equity financing?
(c) Sears's year end is the last Saturday in January. Canadian Tire's year end is the last Saturday in December. How might these differing year-end dates affect your comparison in part (b)?

Transcribed Image Text:

Sears Canadian Tire Beginning of year Total assets Total liabilities Total shareholders' equity End of year Total assets Total liabilities Total shareholders' equity Changes during year in shareholders' equity Repurchase of shares Dividends declared Total revenues Total expenses Other decreases in shareholders' equity $14,553.2 [41 5,630.8 1,203.3 570.8 1,633.2 9,198.1 554.2 3,145.7 131 53.3 434.6 162.4 12,279.6 11,543.7 20.0