Question: This case, based on TELUS Corporation's balance sheet on MyAccountingLab, will familiarize you with some of the assets and liabilities of this company. Answer these

This case, based on TELUS Corporation's balance sheet on MyAccountingLab, will familiarize you with some of the assets and liabilities of this company. Answer these questions, using TELUS Corporation's balance sheet.
Required
1. Compare TELUS's balance sheet (consolidated statement of financial position) to the balance sheet in Exhibit 4-14 on page 193 . What differences in style do you notice between these two balance sheets? Describe these differences.
2. What was TELUS's largest current asset in 2013? In 2012?
3. What was the company's largest current liability in 2013? In 2012?
4. What were total current assets in 2013? In 2012?
5. What were total current liabilities in 2013? In 2012?
6. Compute TELUS's current ratio at December 31, 2013, and at December 31, 2012. Did the ratio values improve or deteriorate during the year?
7. Compute TELUS's debt ratio at December 31, 2013, and at December 31, 2012. Did the ratio values improve or deteriorate during the year?

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