A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Inventories Cash Accounts receivable The most recent data from the annual bolance sheets of Free Spirit Industries Inc. and Zebra Paper Corp. are as follows: The most recent data from the annual balance sheets of Free Spirit Industries Inc. and Zebra Paper Corp. are as follows: Complete the following table by entering the values of the current and quick ratios for Free Spirit Industries Inc. and Zebra Paper Corp.. (Hint: Round. to two decimal places: ) Which of the following statements are true? Check all that apply. Free Spirit Industries Inc. has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Zebra Paper Corp. If a company's current liablities are increasing faster than its current assets, the company's liquidity position is weakening. An increase in the quick ratio over time usually means that the company's liquidity position is improving and that the company is managing its short-term assets well. Free Spirit Industries Inc. has a better ability to meet its shortuterm liabilities than Zebra Paper Corp. An increase in the current ratio over time always means that the company's liquidity position is improving. One of the most important assumptions behind the caiculation of the quick ratio is that the firms accounts receivable be coriverted into cash within the time period for which credit was granted