Ch 04: Assignment Analysis of Financial Statements earnings Total $1,875 $1,500 common equity Total Total assets $7,500 56,000 $7,500 56,000 Babilities and equity Free Spint Industries Corporation's quick ratio 0.746%, and its current ratio is 1.33 LeBron Sports Equipment Corporation's quick ratio is 0.9291, and its current ratios 1.6594 Which of the following statements are true? Check all the apply. Lebron Sports Equipment Corporation has a better ability to meet its short-term liabilities than Free Spirit Industries Corporation of a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening la 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 Free Spirit Industries Corporation, LeBron Sports Equipment Corporation 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 Grade It Now Save & Continue Ch 04: Assignment Analysis of Financial Statements earnings Total $1,875 $1,500 common equity Total Total assets $7,500 56,000 $7,500 56,000 Babilities and equity Free Spint Industries Corporation's quick ratio 0.746%, and its current ratio is 1.33 LeBron Sports Equipment Corporation's quick ratio is 0.9291, and its current ratios 1.6594 Which of the following statements are true? Check all the apply. Lebron Sports Equipment Corporation has a better ability to meet its short-term liabilities than Free Spirit Industries Corporation of a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening la 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 Free Spirit Industries Corporation, LeBron Sports Equipment Corporation 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 Grade It Now Save & Continue