| Prepared by: Shawn Song, Ivy Bao
Teacher: Ms. TongCourse Code: BAT4M1-05Due Date: March 23rd, 2011|
[Canadian Tire corporation, limited]|
For Days Like Today. |
Canadian Tire Corporation, Limited is a Canadian corporation that offers goods and services that meet life’s everyday needs. The corporation has an interrelated network business engaged in retailing goods, apparel, petroleum, and the financial and automotive services. The company was founded in 1922 by J. William Billes and Alfred J. Billes in Toronto, Ontario. Today, Canadian Tire Corporation has grown to a diverse network of business with more than 1,200 general merchandise and apparel retail stores and gas bars, as well as a major financial services provider. With more than 58,000 employees, the red triangle becomes one of the nation’s most trusted brands. According to the financial analysis, Canadian Tire had a successful business year during 2010. The gross operating revenue had growth of $294.3 million with a rate of 3.4%. The net income was increased from $335.0 million to $453.6 million, with a significant rate of 35.4%. Though the corporation’s total assets had a slight decrease of 1.2%, the total liabilities had decreased by 9.4%. As a result, there was a 10.3% increase in the shareholders’ equity compared to 2009. This growth in the shareholders’ equity is expected by the investors and it will make them more confident to invest in the business and will attract more potential investors.
Canadian Tire Corporation, Limited is one of the 60 largest publicly traded companies in Canada. The corporation has an interrelated network business targeting in retailing goods, apparel, petroleum, and the financial and automotive services. Canadian Tire has more than 58,000 employees across Canada working in offering goods and services that can meet Canadians’ every day needs under one the nation’s most trusted...