Look at the Comparative Income Statements: make quantitative and qualitative

comments on important items

$-$ Revenues

$-$ Expenses

$-$ Margins

$-$ Profitability $/$ Income

$-$ Calculate at least three meaningful profitability ratios. Note the levels and

trend.

$-$ What observation$($s$)$ can you make about the company from this? What

helps you to understand the story of the company?Consolidated Statements of Income

$($in millions of Canadian dollars, except per share amounts$)$

The accompanying notes to the consolidated financial statements are an integral part of these

financial statements.