Glass Doctor
Selected Information from the Firm's Consolidated Balance Sheet

Glass Doctor
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.
$\begin{array}{|l|l|l|}\hline \text { Glass Doctor }\\\hline \text { Selected Information from the Consolidated Balance Sheet (in millions) }\\\hline \text { Assets(in ahphabtical orver): } & \text { Dec. 31, 2014 } & \text { Dec. 31, 2013 } \\\hline \text { Accounts receivable } & \$ 214.2 & \$ 124.9 \\\hline \text { Cash and cash equivalents } & 100.0 & 99.5 \\\hline \text { Inventories } & 72.1 & 75.6 \\\hline \text { Marketable securities } & 44.7 & 40.3 \\\hline \text { Other current assets } & 10.8 & 12.0 \\\hline \text { Property, plant and equipment } & 5,006.6 & 5,001.2 \\\hline\\\hline \text { Liabilities(in ahplabetical order): }\\\hline \text { Accounts payable and accrued expenses } & 14.4 & 15.4 \\\hline \text { Current portion of longterm debt } & 44.6 & 31.5 \\\hline \text { Income taxes payable } & 30.8 & 35.3 \\\hline \text { Longterm debt } & 350.0 & 246.8 \\\hline \text { Longterm income taxes payable } & 29.9 & 31.7 \\\hline \text { Notes payable due in } 8 \text { months } & 101.0 & 105.4 \\\hline \text { Other long-term liabilities } & 12.5 & 16.9 \\\hline\end{array}$
-Refer to the partial balance sheet presented above for Glass Doctor.Compute the following liquidity ratios for 2014 and 2013:
Curent Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratic 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.