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Posted on Oct 05, 2024

Question 31 (1 point) Use the following balance sheets to calculate Gross Margin % for Canadian Tire Corporation for fiscal 2014. Answer with 2 decimal

Question 31 (1 point) Use the following balance sheets to calculate Gross Margin % for Canadian Tire Corporation for fiscal 2014. Answer with 2 decimal places. Canadian Tire Corporation - Income Statement In Millions of CAD (except for per 52 weeks ending 53 weeks ending 52 weeks ending 52 weeks ending share items) 2016-01-02 2015-01-03 2013-12-28 2012-12-29 Net Sales 12,279,60 12,462.90 11,785.60 11,42720 Other Revenue, Total Total Revenue 12,279.60 12,462.90 11,785.60 11,427.20 Cost of Goods Sold 8,144.30 8,416.90 8,063.30 7:929.30 Gross Profit 4.135.30 4,046.00 3.722.30 3,497.90 Selling/General/Admin Expenses. Total 2,680.30 2,687.60 2,828.90 12,700.60 Research & Development Depreciation/Amortization 415.80 365.30 Interest Expense(Income) - Net Operating Unusual Expense (Income). Other Operating Expenses, Total 54.90 -11.00 3.00 -5.70 Total Operating Expense 11.185.50 11.458.80 10,895.20 10,624.20 Operating Income 1.094.10 1.004.10 890.40 803.00 Interest Income(Expense). Net Non- Operating Cisin (Loss) on Sale of Assets Other, Nel Income Before Tax 1,00130 878.20 784.60 676.80 Income After Tax 735.90 639.30 $64.40 1498.90 Minority interest 76.50 -35.30 13.20 0.00 Equity In Amistos Net Income Before Hitra Items 659.40 604.00 56120 49.90 Accounting Change Discontinued Operations 27 1659.40 604.00 561.20 198.90 Net Operating income Preferred Dividends Income Available to common in tra lema Home Available to common Inc 659.40 604.00 561.20 199.90 60.00 16:20 Canadian Tire Corporation - Balance Sheet In Millions of CAD (except for per share As of 2016-01- As of 2015-01- As of 2013-12- As of 2012-12- 29 28 02 03 items) 533.60 698.60 546.10 521.00 Cash & Equivalents 289.10 168.90 416,60 96.10 Short Term Investments 944.60 743.00 1,054,20 1986.90 Cash and Short Term Investments 736.60 68290 743.60 1673.60 Accounts Receivable - Trade, Net Receivables - Other 5,591.30 Total Receivables, Net 5,674.20 5,286.80 5,057.30 1,764.50 Total Inventory 1,623.80 1,481.00 1,503.30 96,10 104.50 168.20 Prepaid Expenses 39.10 12.53.50 Other Current Assets, Total 187.60 163.10 453.40 Total Current Assets 8,692.30 8,510.20 17,977.80 17.796,10 Property/Plant/Equipment, Total - Gross 16,769.80 16,272,50 5,842.60 5,462.10 Accumulated Depreciation, Total -2,791.60 -2,529.40 -2,326,50 -2,118.60 Goodwill, Net 1437.00 436.60 432.90 376.90 Intangibles, Net 1809.80 815.10 1752.60 1713.00 Long Term Investments 1291.20 324.60 228.20 277.80 Other Long Term Assets, Total 198.30 97.70 76.70 44.50 Total Assets 14,987.80 14,553.20 13,630,00 13,228.60 Accounts Payable 1,817.40 1,631.30 Accrued Expenses Notes Payable/Short Term Debt 744.10 818.50 800.50 828.60 Current Port of LT Debt Capital Leases 24.30 587.50 272.20 661.90 Other Current liabilities, Total 1.278.50 1,337.90 1,432.00 1,549.80 Total Current Liabilities 3,883.80 4,578.80 4,322.10 4,671.60 Long Term Debt 3,488.40 2,648.60 2,339.10 Capital Lease Obligations 2,336,00 Total Long Term Debt 3.488.40 2,648,60 2,339.10 Total Debt 2,336,00 4.256,80 4,054.60 Deferred Income Tax 3,411.80 111.10 3,826.50 93.90 100.40 Minority Interest 1795.50 177.70 775,30 282.60 Other Liabilities, Total 0.00 1.714.80 1.601.10 Total Liabilities 1.418.50 19,993.60 1.379.00 19,697.70 18,462.70 8,464 30 Your Answer: Question 31 (1 point) Use the following balance sheets to calculate Gross Margin % for Canadian Tire Corporation for fiscal 2014. Answer with 2 decimal places. Canadian Tire Corporation - Income Statement In Millions of CAD (except for per 52 weeks ending 53 weeks ending 52 weeks ending 52 weeks ending share items) 2016-01-02 2015-01-03 2013-12-28 2012-12-29 Net Sales 12,279,60 12,462.90 11,785.60 11,42720 Other Revenue, Total Total Revenue 12,279.60 12,462.90 11,785.60 11,427.20 Cost of Goods Sold 8,144.30 8,416.90 8,063.30 7:929.30 Gross Profit 4.135.30 4,046.00 3.722.30 3,497.90 Selling/General/Admin Expenses. Total 2,680.30 2,687.60 2,828.90 12,700.60 Research & Development Depreciation/Amortization 415.80 365.30 Interest Expense(Income) - Net Operating Unusual Expense (Income). Other Operating Expenses, Total 54.90 -11.00 3.00 -5.70 Total Operating Expense 11.185.50 11.458.80 10,895.20 10,624.20 Operating Income 1.094.10 1.004.10 890.40 803.00 Interest Income(Expense). Net Non- Operating Cisin (Loss) on Sale of Assets Other, Nel Income Before Tax 1,00130 878.20 784.60 676.80 Income After Tax 735.90 639.30 $64.40 1498.90 Minority interest 76.50 -35.30 13.20 0.00 Equity In Amistos Net Income Before Hitra Items 659.40 604.00 56120 49.90 Accounting Change Discontinued Operations 27 1659.40 604.00 561.20 198.90 Net Operating income Preferred Dividends Income Available to common in tra lema Home Available to common Inc 659.40 604.00 561.20 199.90 60.00 16:20 Canadian Tire Corporation - Balance Sheet In Millions of CAD (except for per share As of 2016-01- As of 2015-01- As of 2013-12- As of 2012-12- 29 28 02 03 items) 533.60 698.60 546.10 521.00 Cash & Equivalents 289.10 168.90 416,60 96.10 Short Term Investments 944.60 743.00 1,054,20 1986.90 Cash and Short Term Investments 736.60 68290 743.60 1673.60 Accounts Receivable - Trade, Net Receivables - Other 5,591.30 Total Receivables, Net 5,674.20 5,286.80 5,057.30 1,764.50 Total Inventory 1,623.80 1,481.00 1,503.30 96,10 104.50 168.20 Prepaid Expenses 39.10 12.53.50 Other Current Assets, Total 187.60 163.10 453.40 Total Current Assets 8,692.30 8,510.20 17,977.80 17.796,10 Property/Plant/Equipment, Total - Gross 16,769.80 16,272,50 5,842.60 5,462.10 Accumulated Depreciation, Total -2,791.60 -2,529.40 -2,326,50 -2,118.60 Goodwill, Net 1437.00 436.60 432.90 376.90 Intangibles, Net 1809.80 815.10 1752.60 1713.00 Long Term Investments 1291.20 324.60 228.20 277.80 Other Long Term Assets, Total 198.30 97.70 76.70 44.50 Total Assets 14,987.80 14,553.20 13,630,00 13,228.60 Accounts Payable 1,817.40 1,631.30 Accrued Expenses Notes Payable/Short Term Debt 744.10 818.50 800.50 828.60 Current Port of LT Debt Capital Leases 24.30 587.50 272.20 661.90 Other Current liabilities, Total 1.278.50 1,337.90 1,432.00 1,549.80 Total Current Liabilities 3,883.80 4,578.80 4,322.10 4,671.60 Long Term Debt 3,488.40 2,648.60 2,339.10 Capital Lease Obligations 2,336,00 Total Long Term Debt 3.488.40 2,648,60 2,339.10 Total Debt 2,336,00 4.256,80 4,054.60 Deferred Income Tax 3,411.80 111.10 3,826.50 93.90 100.40 Minority Interest 1795.50 177.70 775,30 282.60 Other Liabilities, Total 0.00 1.714.80 1.601.10 Total Liabilities 1.418.50 19,993.60 1.379.00 19,697.70 18,462.70 8,464 30 Your