please the question attached.

14.Ac 14-48 CHAPTER 14 Corporations: Additional Topics and IFRS 2017 2016 e. Calculate the return on shareholders' equity, earnings per share, Common shares repurchased for 15,533,527 10,287,300 and payout ratio for the shareholders for 2017 and 2016. Com- cancellation ment on the company's profitability. Shareholders' equity at Jan- Repurchase resulted in a reduction of: uary 2, 2016 (2015 fiscal year end) was $13,124. Share capital $ 301 $198 Retained earnings 790 510 Total cost $1,091 $708 Critical Thinking ollaborative Learning Activity a. Go to page 4 of the 2017 annual disclosure, "Company and indus- te to instructor: Additional instructions and material for this try overview." What are Canadian Tire's distinct sources of reve- up activity can be found on the Instructor Resource Site and in nue? How might this information help you with your investment yPLUS. decision? b. Go to page 1 of the 2017 annual disclosure, which shows the of the Management's Discussion and AnalysisPerspective across Canada. In 2017, Loblaw renewed its application to repurchase up to 21 million more common shares after 15.5 million and 10.3 mil- lion were repurchased and cancelled in 2017 and 2016, respectively. Financial information for Loblaw for the years ended December 31. 2017, and 2016 follows (in millions of dollars except per share data): 2017 2016 Profit for the year $ 1,526 S 990 Shareholders' equity at December 31 $13,052 $13,028 Dividends declared to common shareholders $ 421 416 Number of common shares outstanding 385.5 399.7 Weighted average number of common shares outstanding 393.8 405.1 Instructions a. Explain the different effects that a cash dividend, stock dividend, and stock split would have on Loblaw's assets, liabilities, share- holders' equity, and the number of shares outstanding. b. What is the likely reason that Loblaw has repurchased its com- mon shares? c. During the fiscal periods ended December 31, 2016, and 2017, Loblaw repurchased and cancelled a total of 25,820,827 common shares. In 2015, the common share market price per share was $65.34; in 2016, it was $70.84; and in 2017, it was $68.22. In 2015, the dividend declared per common share was $0.995; in 2016, it was $1.03; and in 2017, it was $1.07. Comment on the impact the reac- quisition may have had on the market price and dividends per share. two years. d. Based on the following excerpt from the notes to the financial Interpreting Financial Statements statements of Loblaw (in millions of dollars except common share data) for the year ended December 31, 2017, on the share BYP14.2 Loblaw Companies Limited is Canada's food and pharmacy reacquisition, did the company pay more than the average per leader and the nation's largest retailer. The company operates stores such share amount or less than the average per share amount to repur- as Real Canadian Superstore and Shoppers Drug Mart in communities chase the common shares in 2017 and 2016? Explain