h 04- Assignment - Analysis of Financial Statements Fitcom Corporation's current ratio is , and its quick ratio is Z Zebra Paper Corporation's current ratio is and its quick ratio is Notei Round your values to four decimal places. Which of the following statements are true? Check all that apply. Fitcom Corporation has less tiquidity but aiso a greater reliance on outside cash flow to finance its short-term obligations than Zebra Paper Corporation. 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. 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 havily on the sale of its inventory to meet its short-term oblipations. Fitcom Corporation has a better ability to meet its short-term liabilities than Zebra Paper Corporation. An increase in the current ratio over time always means that the company's liquidity position is improving