Balance Sheet December 31 (Millions of dollars) Fitcom Corporation's quick ratio is its current ratio is , and its current ratio is ; Scramouche Opera Company's quick ratio is and Which of the following statements are true? Check all that apply. Scramouche Opera Company has a better ability to meet its short-term liabilities than Fitcom Corporation. A curtent ratio of 1 indicates that the book value of the company's current assets is equal to the book value of its current liabilities. 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. Compared to Fitcom Corporation, Scramouche Opera Company has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. An increase in the current ratio ower time always means that the compary's liquidity position is improving