Loblaw Companies Ltd: Financial Summary

Satisfactory Essays
The company that I have chosen to asses is Loblaw Companies Ltd. I have assessed their financial statement as at June 20th, 2015 and June 14th, 2014, and decided to proceed for future investment in this company with my $10 000. The reasons that I have decided to invest in this company is because, first, they are closing down 52 retail locations that are unprofitable. This will allow them to be less in debts and repay their loans faster. Second, their revenue income has increased since the second quarter of 2014 by $228 million; from $10,307 to $10,535. Last, their total assets have a higher value than their total liabilities, even if their total asset value had decreased. Additionally, Loblaw Company is known for their high quality of supermarket
Get Access