Balance Sheet December 31st (Millions of dollars) Pellegrini Southern Jing Foodstuffs Pellegrini Southern Jing Foodstuffs Corporation Corporation Corporation Corporation Liabilities Assets Current assets Current liabilities Cash $4,879 $3,136 Accounts $0 $0 payable 1,076 Accounts 1,785 1,148 Accruals 0 receivable Notes payable 5,236 6,096 Inventories 3,366 5,737 $7,172 Total current $11,900 $7,650 Total current $5,737 liabilities assets 7,013 Net fixed Long-term 8,765 assets bonds 9,350 Total debt Net plant and 9,350 $15,937 $12,750 equipment Common equity Common stock $3,453 $2,763 Retained 1,860 1,487 earnings Total common $5,313 $4,250 equity Total assets $21,250 $17,000 Total liabilities $21,250 $17,000 and equity and its quick ratio is Pellegrini Southern Corporation's current ratio is ; Jing Foodstuffs Corporation's current ratio is Note: Round your values to four decimal places ,and its quick ratio is Which of the following statements are true? Check all that apply. OPellegrini 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 OPellegrini 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