Selected information from the firm's consolidated balance sheet is provided below. Assume that all of the account balances on the balance sheet are normal balances.
-Refer to the partial balance sheet presented above for Glass Doctor. Compute the following liquidity ratios for 2014 and 2013:
Assume that Glass Doctor's statement of cash flows presented cash flows from operating activities of $204.6 million and $201.1 million for the years ended December 31, 2014 and 2015, respectively. Comment on the direction and significance of the change in the ratios from 2013 to 2014.

Question

Selected information from the firm's consolidated balance sheet is provided below. Assume that all of the account balances on the balance sheet are normal balances. 
-Refer to the partial balance sheet presented above for Glass Doctor. Compute the following liquidity ratios for 2014 and 2013:
  Assume that Glass Doctor's statement of cash flows presented cash flows from operating activities of $204.6 million and $201.1 million for the years ended December 31, 2014 and 2015, respectively. Comment on the direction and significance of the change in the ratios from 2013 to 2014.

Quizplus · Accepted Answer

The Answer of Selected information from the firm's consolidated balance sheet is provided below. Assume that all of the account balances on the balance sheet are normal balances. 
-Refer to the partial balance sheet presented above for Glass Doctor. Compute the following liquidity ratios for 2014 and 2013:
  Assume that Glass Doctor's statement of cash flows presented cash flows from operating activities of $204.6 million and $201.1 million for the years ended December 31, 2014 and 2015, respectively. Comment on the direction and significance of the change in the ratios from 2013 to 2014.

Selected Information from the Firm's Consolidated Balance Sheet Is Provided