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Canadian Tire V Home Depot Essay

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The financial health of Canadian Tire was determined by analyzing the 2005 and 2006 financial statements. By looking at the ratios, Canadian Tire’s long-term liquidity has improved in 2006 due to a decrease in total debt, which in turn decreased the total interest expense. However, due to the payment of long-term debt in 2006, its short-term liquidity has hindered. The performance ratios ...

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