BCE Inc., whose offerings include Bell Canada, reports the following current assets and current liabilities at December 31, 2019 (in millions of dollars): 

Cash $ ......................................................................................141 

Cash equivalents ....................................................................... 4 

Current tax liabilities ................................................................303 

Debt due within one year ......................................................3,881 

Dividends payable .....................................................................729 

Interest payable ........................................................................227 

Inventory .....................................................................................427 

Other current assets ................................................................1,716 

Other current liabilities ..............................................................683 

Prepaid expenses .......................................................................194 

Trade and other receivables ......................................................3,038 

Trade payables and other liabilities ...........................................3,954

Instructions 

a. Prepare the current liabilities section of the balance sheet. 

b. Calculate the current and the acid-test ratios.

c. On December 31, 2018, BCE Inc. had current assets of $5,793 million. This included cash and cash equivalents of $425 million, and trade and other receivables of $3,006 million. Current liabilities were $10,429 million. Did the current and acid-test ratios improve or weaken in 2019? 

What other factors should be considered in assessing BCE Inc.’s liquidity?