Suncor Energy Inc. reported the following current assets and current liabilities (in millions) at December 31, 2011:
Accounts payable and accrued liabilities ........................ $7,755
Accounts receivable ................................................. 5,412
Cash and cash equivalents .......................................... 3,803
Current portion of long-term debt ................................. 12
Current portion of provisions ....................................... 811
Income taxes payable ............................................... 969
Income taxes receivable ............................................ 704
Inventories ........................................................... 4,205
Short-term debt ..................................................... 763
(a) Prepare the current liabilities section of the balance sheet.
(b) Calculate the current and acid-test ratios.