Access the 2011 financial statements of Rogers Communications Inc. by going to the investor’s relations section of the company’s website. Answer the questions below. Round percentages to one decimal point and other ratios to two decimal points. For each question, indicate where in the financial statements you found the answer, and/or provide a brief explanation.
(a) What percentage of total assets at the end of 2011 is represented by investments accounted for using the equity method?
(b) What was the before-tax rate of return for 2011 from the investments accounted for using the equity method?
(c) Calculate the three ratios listed below for 2011. Then, assume that each year the associates have generated a return similar to the return in part (b) and have paid dividends equal to 75% of the income earned. If the company had used the cost method rather than the equity method since the date of acquisition of the investments, how would this change affect the following ratios:
(i) Current ratio
(ii) Debt-to-equity ratio
(iii) Return on average equity
(d) How much comprehensive income after tax was earned from available-forsale investments during 2011?
(e) What percentage of shareholders’ equity at the end of 2011 is represented by cumulative unrealized gains from available-for-sale investments?
(f) What accounts on the balance sheet would change and would they increase or decrease if the available-for-sale investments had always been classified as FVTPL investments?
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