Balance Sneet December 31 (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company N&B Equipment Company Assets Liabilities Current liabilities Current assets Cash $861 $553 Accounts payable 315 203 Accruals 190 Accounts receivable Inventories 924 594 1,012 Total current $2,100 $1,350 $1,265 $1,012 assets Notes payable Total current liabilities Long-term bonds Total debt 1,547 1,238 Net fixed assets Net plant and equipment 1,650 1,650 $2,812 $2,250 Common equity Common stock Retained $610 $488 262 328 earnings Total common $938 $750 Total assets $3,750 $3,000 Total liabilities $3,750 $3,000 and equity , and its current ratio is 1.3340 Scramouche Opera Company's quick ratio is &B Equipment Company's quick ratio is 0.7470 0.92967 , and its current ratio is 1.6601 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. N8B 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