Assets Current assets Cash Accounts receivable Inventories Total current assets Net fixed assets Jing Foodstuffs Corporation Total assets. $574 210 616 $1,400 Net plant and 1,100 equipment $2,500 Balance Sheet December 31" (Millions of dollars) Pellegrini Southern Corporation. $369 135 396 $900 1,100 $2,000 Pellegrini Southern Corporation's current ratio is and its quick ratio is Liabilities Current liabilities Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total debt Common equity Common stock Retained earnings Total common equity Total liabilities and equity Jing Foodstuffs Corporation $0 127 717 $844 1,031 $1,875 $406 219 $625 $2,500 and its quick ratio is Note: Round your values to four decimal places. Pellegrini Southern Corporation $0 0 675 $675 825 $1,500 $325 175 $500 $2,000 ; Jing Foodstuffs Corporation's current ratio is Which of the following statements are true? Check all that apply. Pellegrini Southern Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Jing Foodstuffs Corporation. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations. Pellegrini Southern Corporation has a better ability to meet its short-term liabilities than Jing Foodstuffs Corporation. An increase in the current ratio over time always means that the company's liquidity position is improving