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

Question:

The of The North West Company Inc. are presented in Appendix A and the for Sobeys Inc. are presented in Appendix A.
Instructions
(a) North West reports only "cash"; Sobeys reports "cash and cash equivalents." Refer to North West's statement of cash flows. What is the amount of its "cash" at the end of its most recent fiscal year?
(b) The notes to Sobey's specify that its cash equivalents consist of cash and guaranteed investments with a less than 90 days at date of acquisition. Refer to Sobey's statement of financial position and identify the amounts of its "cash and cash equivalents" at the end of the most recent fiscal year.
(c) Compare the amount of the change in each company's cash and cash equivalents. Determine the percentage change over the previous year. Which company's cash position has improved the most?
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... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...