Exhibit 6-13 is from the Vancouver Fraser Port Authority€™s 2013 financial report.

Required:
a. Calculate the following ratios for both the current and preceding year:
i. Current ratio
ii. Quick ratio
How do they compare with each other? Why is this the case?
b. Calculate the Port€™s allowance for doubtful accounts as a percentage of its accounts receivable for the current and preceding years. Also calculate the percentage of the Port€™s accounts receivable that were past due for both years. Comment on the trend.
c. What would the Port€™s allowance and writeoff entries have been for 2013?

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VANCOUVER FRASER PORT AUTHORITY'S 2013 CONSOLIDATED STATEMENT OF FINANCIAL POSITION HIBIT 6-13A (Expressed in thousands of dollars) As at December 31 2013 2012 Assets Current Cash and cash equivalents (notes 8 and 11) S160,042 121,783 501 79,102 201,386 Short-term investments (note 9) Accounts receivable and other assets (notes 8 and 10 Total current assets Investments in securities (note 9) Investment in joint venture (note 7) 40,932 201,574 1,997 1 term receivables (note 10) Deferred charges Intangible assets (note 15) Property and equipment (note 6) 6,399 1,541 2,771 1,146,996 $1,361,623 5,237 1,247 2,521 1,023,199 $1,235,775 Liabilities and Equity of Canada S 40,270 13,006 Accounts payable and accrued liabilities (note 12) Provisions (note 19) Provision for investments in joint venture held for sale (note 7) Short-term borrowing (note 13) Payments in lieu of taxes Deferred revenue $ 76,394 12,932 1,600 13,468 104,839 1,700 2,422 11,876 of long-term ations Total current liabilities 69,386 Other employee benefits Accrued benefit liability (note 14) Deferred revenue Provisions (note 19) Other deferred amounts Long-term obligations (note 13) Total liabilities 1,280 11,754 27,598 3,836 3,267 99,699 252,273 1.483 13,205 28,312 4,020 3,214 99,667 219,287 Commitments and contingent liabilities (notes 17 and 18) Equity of Canada Contributed capital Retained earnin 150,259 959,091 1,109,350 $1,361,623 150,259 866,229 1,016,488 $1,235,775 Total of Canada NOTE 10 TO VANCOUVER FRASER PORT AUTHORITY'S 2013 CONSOLIDATED FINANCIAL STATEMENTS EHOBIT 6-13B 10. ACCOUNTS RECEIVABLE AND OTHER ASSETS (a) Accounts receivable and other assets 2013 2012 Trade receivables Provision for impairment Restricted funds Federal Government accrued grants Other project partners accrued recoveries Property rent related accrued revenues Port related accrued revenues Other S 12,995 (3,326) 7,698 24,795 9,270 12,906 6,279 8,485 $ 79,102 $ 5,734 (3,113) 3.125 6,713 2.615 11,861 7.090 6,907 $ 40,932 At December 31, 2013, accounts receivable and other assets includes $7,697,585 in restricted funds (2012 - $3,124,409). Restricted funds are project related deposits, provincial share of lease revenue, and foreshore prop erty owner deposits. Once information has been submitted to the VFPA's satisfaction, project related deposits are refunded in full plus interest. Provincial share of lease revenue is paid semi-annually. The foreshore property owner deposits are held to guarantee that the dykes on such properties will be maintained by the owners. The single largest amount of the restricted funds is $3,724,766 of government funding to promote best practices for marine transportation of liquid bulk commodities (2012 S757,498 was held for the replacement of a pile wall and a protection system at a terminal). As of December 31, 2013, accounts receivables of $7,901,639 (2012 $1,073,631) were past due but not impaired. These relate to a number of customers for whom there is no recent history of default. The ageing analysis of these trade receivables is as folows: 2013 $7,461 2012 Up to 90 days 91 to 120 days Over 120 da $ 691 68 315 S1,074 353 $7,902 As of December 31, 2013, trade receivables of $3,656,19D (2012 $3,533,837) were provided for. The amount of the provision was $3,325,932 as of December 31, 2013 (2012 $3,112,631), The individually impaired receivables mainly relate to customers disputing lease terms and conditions. The ageing of these receivables is as follows: 2013 2012 S 227 Up to 90 days 91 to 120 days Over 120 days 52 3,255 3,534 3.483 $3,656 Movements on the provision for impairment of accounts receivables are as follows: 2013 S 3.113 232 (19) 2012 Balance, January 1 Provision for receivables impairment Receivable written off during the year as Unused arnounts reversed Balance, Decenber 31 $3.358 238 (36) 447) $3,113 3,326