Refer to the JB Hi-Fi consolidated balance sheets in figure 3.3on page 94 to answer the following questions.
a. What is the major difference between the format of this statement and that of a partnership?
b. List two current assets and two non-current liabilities of JB Hi-Fi Ltd and explain what is meant by each one.
c. Why do you think some items such as 'borrowings' and 'provisions' appear as both current and non-current liabilities?
d. What information can external users such as creditors and shareholders' obtain from this statement?