Refer to the 2016 financial statements for Canadian Tire Corporation in Appendix C.

Required:

a. What was the amount of current liabilities reported in Canadian Tire’s financial statements as at December 31, 2016? What was this amount comprised of? Use the same categories that the company reports on its balance sheet.

b. The company had several categories of provisions. What were they and what was the current portion of each?

c. Did Canadian Tire report its liability for commercial paper at fair value through profit or loss or at amortized cost? 

d. What was the company’s current ratio as at December 31, 2016? How much working capital did it have?