BCE Inc., whose offerings include Bell Canada, reports the following current assets and current liabilities at December 31, 2014 (in millions of dollars):

Instruction
(a) Prepare the current liabilities section of the balance sheet.
(b) Calculate the current and the acid-test ratio.
(c) On December 31, 2013, BCE Inc. had current assets of $5,070 million. This included cash and cash equivalents of $335 million, and trade and other receivables of $3,043 million. Current liabilities were $7,890 million. Did the current and acid-test ratios improve or weaken in 2014?
Taking It Further
What other factors should be considered in assessing BCE Inc.'s liquidity?

Cash Cash equivalents Current tax liabilities Debt due within one year Dividends payable Interest payable Inventory Other current assets Prepaid expenses Trade and other receivables Trade payables and other liabilities S 142 424 269 3,743 534 145 198 379 3,069 4,398