Project

Introduction

Verizon is the one of the largest US local telephone company, the largest wireless communications incorporated, and the world's largest provider of print and online Yellow pages information. Verizon operates telecom and wireless service in the United States, Europe, and Asia including 45 countries all around the globe. The company is listed on the New York Stock Exchange. In the September 2, 2013, the company has signed an agreement with Vodafone Group, which is to pay $ 130 billion to acquire of 45% stock held by Verizon Wireless. Therefore, market value of Verizon has exceeded Google Incorporated’s. In the report of the independent registered public accounting firm, the financial statement of Verizon referred to above present fairly, in all material respects, the financial position generally accepted accounting principles. Also, the report expressed an unqualified opinion thereon.

T-Mobile USA was formerly VoiceStream. In May 2001, Voice was acquired by Deutsche Telekom for $24 billion. After this acquisition, T-Mobile has become a subsidiary of Deutsche Telekom. Also, it became a multinational mobile phone operator, which is also belongs to Freemove Union. T-Mobile operates GSM networks in Western Europe and the United States, and to participate in network operations in Eastern Europe and Southeast Asia through financial means. Today, the company has 109 million users, is one of the world's largest mobile phone company. In the report of the independent registered public accounting firm, the financial statement of T-Mobile referred to above present fairly, in all material respects, the financial position generally accepted accounting principles. Also, the report expressed an unqualified opinion thereon.

Discussion of Balance Sheet Ratios

Verizon

2014 2013

------------------------ -------------------------

Current assets $29,623 $70,994

Current ratio ------------------- ----------- = 1.04 ----------- = 2.62...