The shareholders' equity section for Reitmans (Canada) Limited is shown in the consolidated balance sheet in Appendix

Question:

The shareholders' equity section for Reitmans (Canada) Limited is shown in the consolidated in Appendix A. You will also find data related to this problem in the notes to the financial statements.
Instructions
(a) How many classes of shares does Reitmans have? For each class of shares, specify how many shares are authorized and issued at January 28, 2012.
(b) Refer to note 16. What are the rights of each class of shares?
(c) Did Reitmans issue any additional shares in fiscal 2012? If so, specify how many were issued, for what dollar amount, and for what purpose.
(d) What was the average cost of each class of Reitmans' shares at the end of fiscal 2012?
(e) Did Reitmans declare any cash dividends in fiscal 2012? If yes, how much? If not, why might a company choose not to pay dividends?
(f) Reitmans' return on equity was calculated for fiscal 2012 in Illustration 13-7. Calculate the company's return on equity for fiscal 2011. Did this ratio improve or worsen from 2011 to 2012?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...