According to the Ratio Analysis and using all the above information discuss the profitability of Couche-Tard.
1. Prepare the Balance Sheet
The last quarter of 2020 Couche-Tard financial state includes the following:
repare the Balance Sheet by using the information in the table above.
2. Adjustment of the Balance Sheet
Apply the following changes to prepare the new Balance Sheet:
● If Couche-Tard collected $110,000,000 from its own debtors on an existing account
● If they purchased $300,000,000 of equipment, agreeing to pay for it later.
● If they did some work for clients in exchange for the client’s promise to pay $750,000.
● Imagine that Couche-Tard paid $345,000 for expenses.
3. Prepare the income statement
The last quarter of 2020 Couche-Tard financial statement includes the following:
4. Prepare the Retained Earning
Prepare the 2020 Retained Earnings for Couche-Tard Inc. according to the following financial
information and net income which was calculated in part 3:
5. Profitability analysis
According to the Ratio Analysis and using all the above information discuss the profitability of