13. Give the definition of current assets, current liabilities and the current ratio. 14. Relevance and faithful representation are the fundamental qualities of usefil information. (a) Briefly define each term. (b) Why are these characteristics important to users of financial statements? 15. Comparability and consistency are enhancing qualities that make accounting information useful for decision-making purposes. Briefly explain the difference between these two qualities and explain how they are related to each other. 16. Identify and briefly explain the two fundamental qualities of useful information