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 Accounts receivable Cash The most recent data from the annual balance sheets of Pellegrini Southern Inc. and Zebra Paper Corp. are as follows: Pellegrini Southern Inc.'s current ratio is and its quick ratio is and its quick ratio is Zebra Paper Corp.'s current ratio is Which of the following statements are true? Check all that apply. Pellegrini Southern Inc. has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Zebra Paper Corp.. A current ratio of 1 indicates that the book value of the company's current assets is equal to the book value of its current liabilities. 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