Nordstar, Inc. operates hardware stores in several provinces. Selected comparative financial statement data are shown below.

Additional information:
(In millions) ______________2014 _________2013
Net credit sales ................ $4,190 .......... $3,940
Cost of goods sold .............2,900 ............ 2,650
Instructions
(a) Calculate all possible liquidity ratios for 2014 and 2013.
(b) Indicate whether each of the liquidity ratios calculated in (a) is better or worse in 2014?

NORDSTAR, INC. Balance Sheet (partial) December 31 (in millions) 2014 2013 2012 Current assets Cash Short-term investments Accounts receivable Inventory Prepaid expenses $ 30 $ 91 60 586 525 52 $1,314 $ 825 $ 60 40 496 575 29 $1,200 $ 750 676 628 Total current assets $1,430 $ 890 Total current liabilities