Complete the following table by entering the values of the current and quick ratios for Pellegrini Southern Inc. and LeBron Sports Equipment Inc.. (Hint: Round to four decimal places.) Which of the following statements are true? Check all that apply. Pellegrini Southern Inc. has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than LeBron Sports Equipment Inc. 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. Pellegrini Southern Inc. has a better ability to meet its short-term liabilities than LeBron Sports Equipment Inc. An increase in the current ratio over time always means that the company's liquidity position is improving. One of the most important assumptions behind the calculation of the quick ratio is that the firm's accounts receivable be converted int cash within the time period for which credit was granted