The financial statements and accompanying notes of Corus Entertainment are presented in Appendix A at the end

Question:

The and accompanying notes of Corus Entertainment are presented in Appendix A at the end of this book.
Instructions
(a) What classifications does Corus use in its balance sheet?
(b) In what order are Corus's current assets listed? Its non-current assets?
(c) WhatareCorus'stotalcurrentassetsatAugust31, 2014?
(d) What are Corus's total current liabilities at August 31, 2014?
(e) Calculate Corus's working capital, current ratio, and acid-test ratio for the fiscal years 2014 and 2013. Compare and comment on the results?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...