Jing Foodstuffs Corporation Pellegrini Southern Corporation Assets Current assets Balance Sheet December 31" (Millions of dollars) Pellegrini Southern Jing Foodstuffs Corporation Corporation Liabilities Current liabilities $3,136 Accounts $0 payable 1,148 Accruals 1,076 Cash $4,879 $0 1,785 0 6,096 5,236 $11,900 3,366 $7,650 5,737 $5,737 $7,172 Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment Notes payable Total current liabilities Long-term bonds Total debt 8,765 7,013 9,350 9,350 $15,937 $12,750 $2,763 $3,453 1,860 1,487 Common equity Common stock Retained earnings Total common equity Total liabilities and equity $5,313 $4,250 Total assets $21,250 $17,000 $21,250 $17,000 Pellegrini Southern Corporation's current ratio is , and its quick ratio is , and its quick ratio is ; Jing Foodstuffs Corporation's current ratio is Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. Pellegrini Southern Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Jing Foodstuffs Corporation. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. 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 heavily on the sale of its inventory to meet its short-term obligations. Pellegrini Southern Corporation has a better ability to meet its short-term liabilities than Jing Foodstuffs Corporation. An increase in the current ratio over time always means that the company's liquidity position is improving