The financial statements of The North West Company Inc. are presented in Appendix A followed by the

Question:

The financial statements of The North West Company Inc. are presented in Appendix A followed by the financial statements for Sobeys Inc. in Appendix B.

Instructions

Based on the information in these financial statements, answer the following questions:

(a) Did both companies pay dividends during the year? If yes, how much did each company pay?

(b) Did each company generate positive cash flows from its operating activities? How much cash did each company generate from its operating activities? How did these amounts compare with the amount of cash each company required for its investing activities?

(d) Did either company issue common shares during the year? If yes, how much cash did this bring into each company?

Financial Statements
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...