2. Liquidity ratios Aa Aa Most firms borrow money to finance some of their assets, and most will choose to borrow some long-term funds and some short-term funds. Which group of lenders would put greater emphasis on a firm's liquidity ratio when evaluating a potential borrower? Long-term lenders Short-term lenders The most recent data from the annual balance sheets of N&B Equipment Company and LeBron Sports Equipment Inc. are as follows: Balance Sheet December 31st (Millions of dollars) LeBron Sports Equipment Inc N&B Equipment Company LeBron N&B Sports Equipment Equipment Comp any Inc Liabilities Assets Current assets Current liabilities $2,870 1,050 3,080 7,000 $1,845 Accunts payable $0 633 3,586 4,219 5,156 9,375 $0 Cash Accounts receivable Inventories 675 Accruals 1,980 4,500 Total current liabilities Notes payable Total current assets Net fixed assets Net plant and equipment 3,375 3,375 4,125 7,500 Long-term bonds 5,500 5,500 Total debt Common equity 2,031 1,094 3,125 12,500 1,625 875 2,500 10,000 Common stock Retained earnings Total common equity Total assets 12,500 10,000 ota iabilities and equity