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? Cash Accounts receivable Inventories The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows: Balance Sheet December 31st (Millions of dollars) N&B Equipment Jing Foodstuffs Corporation Jing Foodstuffs Corporation N&B Equipment Company Company Assets Liabilities Current assets Current liabilities Cash $574 $369 Accounts payable $0 $0 Accounts 210 135 Accruals 127 0 receivable Inventories 616 396 Notes payable 717 675 Total current $1,400 $900 Total current $844 $675 assets liabilities Net fixed assets Long-term bonds 1,031 825 Net plant and 1,100 1,100 Total debt $1,875 $1,500 equipment Common equity Common stock $406 $325 Retained 219 175 earnings Total common $625 $500 equity Total assets $2,500 $2,000 Total liabilities $2,500 $2,000 and equity N&B Equipment Company's current ratio is , and its quick ratio is and its quick ratio is 0.9289 ; Jing Foodstuffs Corporation's current ratio is Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. Jing Foodstuffs Corporation has a better ability to meet its short-term liabilities than N&B Equipment Company. 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 N&B Equipment Company, Jing Foodstuffs Corporation 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 always means that the company's liquidity position is improving.