Jing Foodstuffs Corporation N&B Equipment Company Assets Current assets Cash Balance Sheet December 31st (Millions of dollars) N&B Equipment Jing Foodstuffs Company Corporation Liabilities Current liabilities $922 Accounts payable $0 338 Accruals $0 $1,435 525 Accounts 316 0 receivable Inventories 1,540 990 1,687 1,793 $2,109 Total current $3,500 $2,250 $1,687 assets Notes payable Total current liabilities Long-term bonds Total debt Net fixed assets 2,578 2,063 Net plant and 2,750 2,750 $4,687 $3,750 equipment $1,016 $813 Common equity Common stock Retained earnings Total common 547 437 $1,563 $1,250 equity Total assets $6,250 $5,000 Total liabilities $6,250 $5,000 and equity , and its current ratio is ; Jing Foodstuffs Corporation's quick ratio is N&B Equipment Company's quick ratio is and its current ratio is Which of the following statements are true? Check all that apply. Jing Foodstuffs Corporation has a better ability to meet its short-term liabilities than N&B Equipment Company. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. 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. . Compared to N&B Equipment Company, Jing Foodstuffs 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