Please read  carefully the attached file c10

Please read  carefully the attached file c10.1 and answer the following:1. Use the information in Note 27 to restate Swisscom’s consolidated financial statements in accordance with U.S. GAAP. Begin by constructing debit/credit entries for each reconciliation item, and then post these entries to columns 2 and 3 using the worksheets provided in the textbook. 

2. Calculate each of the following ratios under both IFRS and U.S. GAAP, and determine the percentage differences between them, using IFRS ratios as the base:

• Net income / Net revenues
• Operating income / Net revenues
• Operating income / Total assets
• Net income / Total shareholders’ equity
• Operating income / Total shareholders’ equity
• Current assets / Current liabilities
• Total liabilities / Total shareholders’ equity

3. Which of these ratios is most (least) affected by the accounting standards used?