2. Liquidity ratios Aa Aa A liquid asset can be converted to cash quickly without significantly impacting the asset's value. Which of the following asset classes is generally considered to be the most liquid? O Accounts receivable O Cash O Inventories The most recent data from the annual balance sheets of Free Spirit Industries Inc. and Zebra Paper Corp. are as follows: Balance Sheet December 31 (Millions of dollars) Zebra Paper Free Spirit Zebra Paper Free Spirit Corp. Industries Corp. Industries Inc. Inc. Liabilities Assets Current assets Current liabilities $3,136 Accou payable nts $4,879 $0 $0 Accou nts receivable 1,785 1,148 1,076 In ventories 5,236 3,366 Notes payable 6,096 5,737 Total current assets 7,650 Total current liabilities 11,900 7,172 5,737 7,013 Net fixed assets. Long-term bonds 8,765 9,350 Total debt Net plant and equipment 9,350 15,937 12,750 Common equity Common stock 3,453 2,763 Retained earnings 1,860 1,487 Total common equity 5,313 4,250 17,000 Total liabilities and equity 17,000 Total a 21,250 21,250 Free Spirit Industries Inc.'s current ratio is Zebra Paper Corp.'s current ratio is r and its quick ratio is and its quick ratio is Note: Round your values to four decimal places