The financial statements of Shoppers Drug Mart are presented in Appendix A at the end of this book.
Instructions
(a) Using the statement of earnings, answer the following questions:
1. What amount did Shoppers report as basic earnings per share in 2012 and 2011?
2. What was its weighted average number of shares for each year?
(b) Review Note 24: Share Capital and answer the following questions:
1. How many common shares and preferred shares has Shoppers authorized?
2. How many common and preferred shares did Shoppers have issued at the end of 2012 and 2011? How does the number of issued shares compare with the weighted average number of shares determined in (a) (2) above?
3. Did Shoppers have a normal course issuer bid in 2012? If so, how many common shares did it repurchase and for what cost?
(c) Using the statement of changes in shareholders' equity, answer the following questions:
1. Did Shoppers report other comprehensive income or loss in 2012 and 2011? If so, how much?
2. Did Shoppers declare any dividends in 2012 and 2011? If so, how much?