Sun-Rype Products Ltd's website gives a Five-Year Historical Review, with data for the fiscal years ended December
Question:
Sun-Rype Products Ltd's website gives a Five-Year Historical Review, with data for the fiscal years ended December 31, 2007, to December 31, 2011. Portions of the Five-Year Historical Review are reproduced below.
1 The Company adopted International Financial Reporting Standards ("IFRS") with a transition date of January 1, 2010. Amounts for prior years have not been restated to reflect IFRS and as such certain amounts may not be comparable. An explanation of how the transition to IFRS has affected the financial position, financial performance and cash flows of the Company is included in the notes to the consolidated financial statements for the year ended December 31, 2011.
Prospective investors should note that this information has been extracted from Sun-Rype's audited consolidated financial statements and may not give a complete profile of Sun-Rype. This information includes non-IFRS financial measures that do not have a standardized meaning prescribed by IFRS and therefore may not be comparable tosimilar measures presented by other companies. It should be read in conjunction with Management's Discussion and Analysis, as well as the audited consolidated financial statements and the accompanying notes for the years, which are available for viewing on the Canadian Securities Administrators' website (www.sedar.com) and on Sun-Rype's website (www.sunrype.com).
Required
1. Using the Five-Year Historical Review, perform a four-year trend analysis of
a. Net sales
b. Net earnings (loss)
c. EBITDA per common share
Start with 2008 and end with 2011; use 2007 as the base year.
2. Evaluate Sun-Rype Products Ltd.'s profitability trend during this four-year period.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood