Look at the Statement of Financial Position: make quantitative and qualitative

comments on important items

$-$ What is the nature of their asset base?

$-$ How do they use debt to fund these assets? Amount, leverage, types of

debt

$-$ How is the liquidity of the company? Working capital, any near term debt

maturities, interest coverage, fixed charge coverage

$-$ How much equity capital do they have and what is the composition $($What

types of equity capital?$)$

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

helps you to understand the story of the company?

$-$ Calculate the company$$s working capital

$-$ Calculate at least three meaningful liquidity and$/$or leverage ratios. Note

the levels and trend.

$-$ Are there any financial ratios that help to tell the story?Consolidated Statements of Financial Position

$($in millions of Canadian dollars$)$

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

financial statements.