a. Finning has an unlimited number of authorized shares on each class of shares. Why do many companies today prefer to have an unlimited authorized number of shares?
b. How many common shares were outstanding on December 31, 2013? What was the average issue value of those shares?
c. What was Finning reported net income for 2013? How much did it pay out in dividends? What was its dividend payout ratio?
d. Using only the statement of shareholders equity, calculate the return on equity for Finning for 2013 and 2012.