Access the audited annual financial statements of Rogers Sugar Inc. for the year ended September 30, 2017, from SEDAR (www.sedar.com) or the company's website. 

Instructions 

a. Identify the components of the company's shareholders' equity, including the reasons for any current and prior year changes to the amounts reported. Comment on any accounting treatment that appears unusual. Prepare the journal entries that were made to record the purchase and cancellation of shares in each year.

b. Review the company's capital management objectives (Note 24). Briefly describe these and explain how the company works to achieve these objectives. 

c. What amount of dividends was declared per share and in total in the year ended September 30, 2017? What total amount of dividends was paid in this period? Determine the company's payout ratios for 2017 and 2016 and explain how the company managed to pay this percentage.