Balance Sheet December 31st (Millions of dollars) ScramoucheFitcom Scramouche Opera Corporation Company OperaCorporation Assets Current assets Current liabilities Cash $3,157 1,155 3,388 $2,029 Accounts payable $o Inventories Total current assets Net fixed assets Net plant and equipment 743 Accruals 2,178 Notes payable 4,950 Total current liabilities 696 3,944 4,640 5,672 10,312 3,712 3,712 4,538 8,250 Long-term bonds 6,050 6,050 Total debt Common equity 2,235 1,203 3,438 13,750 1,788 962 2,750 11,000 Common Retained earnings Total common equity Total assets 13,750 1000 Total liabilities and equity Fitcom Corporation's quick ratio is , and its current ratio is ; Scramouche Opera Company's quick ratio is , and its current ratio is Which of the following statements are true? Check all that apply. scramouche Opera Company has a better ability to meet its short-term!iabilities than Fitcom 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 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 over time always means that the company's liquidity position is improving