Balance Sheet December 31st (Millions of dollars) Jing Foodstuffs Pellegrini Jing Foodstuffs Inc. Southern Inc. Inc. Pellegrini Southern Inc. Assets Liabilities Current assets Current liabilities Cash $4,879 $3,136 Accounts payable $0 $0 Accounts receivable 1,785 1,148 Accruals 1,076 0 Inventories 5,236 3,366 Notes payable 6,096 5,737 Total current assets 11,900 7,650 Total current 7,172 5,737 liabilities Net fixed assets Long-term bonds 8,765 7,013 9,350 9,350 Total debt 15,937 12,750 Net plant and equipment Common equity Common stock 3,453 2,763 Retained earnings 1,860 1,487 Total common 5,313 4,250 equity Total assets 21,250 17,000 Total liabilities and 21,250 17,000 equity ; Jing Foodstuffs Inc.'s current ratio is and its Pellegrini Southern Inc.'s current ratio is , and its quick ratio is quick ratio is Note: Round your values to four decimal places. 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 Jing Foodstuffs Inc.. 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. O Pellegrini Southern Inc. has a better ability to meet its short-term liabilities than Jing Foodstuffs Inc. An increase in the current ratio over time always means that the company's liquidity position is improving