Eastern Platinum Limited, headquartered in Vancouver, and Anglo Platinum Limited (now known as Anglo American Platinum), headquartered in Johannesburg, compete internationally. The assets section for each company's statement of financial position follows:

Instructions
(a) Which company presents its assets in the order of liquidity that most North American companies use?
(b) These companies do not present assets in the statement of financial position in the same order. Do you think that this difference would affect your interpretation of each company's liquidity relative to the other? Explain.

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EASTERN PLATINUM LIMITED Statement of Financial Position (partial) December 31, 2010 (in U.S. thousands) Current assets: Cash and cash equivalents Short-term investments Trade and other receivables Inventories $ 107,846 242,446 33,787 8,832 392,911 Non-current assets: Property, plant and equipment Other assets 715,976 18,088 734,064 $1,126,975 Total assets ANGLO PLATINUM LIMITED Statement of Financial Position (partial) December 31,2010 (in R millions) Non-current assets: Property, plant and equipment Investments Other non-current assets 37,438 7,908 20,062 65,408 Current assets: Inventories Trade and other receivables Other assets Cash and cash equivalents 12,558 2,988 313 2,534 18,393 83,801 Total assets