Balance Sheet December 31st (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company Liabilities N&B Equipment Company Assets Current assets Current liabilities Cash $861 $553 Accounts $0 $0 payable 315 203 Accruals 190 0 Accounts receivable Inventories 924 594 Notes payable 1,075 1,012 Total current $2,100 $1,350 Total current $1,265 $1,012 assets liabilities Net fixed assets Long-term bonds 1,547 1,238 1,650 1,650 Total debt $2,812 $2,250 Net plant and equipment Common equity Common stock $610 $488 Retained 328 262 earnings Total common $938 $750 equity Total assets $3,750 $3,000 Total liabilities $3,750 $3,000 and equity , and its current ratio is ; Scramouche Opera Company's quick ratio is N&B Equipment Company's quick ratio is , and its current ratio is Which of the following statements are true? Check all that apply. N&B Equipment Company has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Scramouche Opera Company. A current ratio of 1 indicates that the book value of the company's current assets is equal to the book value of its current liabilities. 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. N&B Equipment Company has a better ability to meet its short-term liabilities than Scramouche Opera Company. An increase in the current ratio over time always means that the company's liquidity position is improving