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?

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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