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 Scramouche Opera Co. are as follows: Complete the following table by entering the values of the current and quick ratios for Pellegrini Southern Inc and Seramouche Opera Ca. (Hint: Round to two decimal piaces, ) Which of the following statements are true? Check all that apply. Scramouche Opera Co, has a better ability to meet its short-term liabsities than Pellegrini Southern inc. If a company's current liabilities 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. Compared to Pellegrini Southern Inc., Scramouche Opera Co. has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. An increase in the current ratio over time alwoys means that the company's liquidity position is improving. One of the most important assumptions behind the calculation of the quick ratio is that the firm's accounts receivable be converted into cash within the time period for which credit was granted