Jing Foodstuffs Inc. Jing Foodstuffs Inc. Pellegrini Southern Inc. $1,722 $0 $0 380 630 0 Assets Current assets Cash Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment Balance Sheet December 31st (Millions of dollars) Pellegrini Southern Inc. Liabilities Current liabilities $1,107 Accounts payable 405 Accruals 1,188 Notes payable 2,700 Total current liabilities Long-term bonds 3,300 Total debt Common equity Common stock Retained earnings Total common equity 6,000 Total liabilities and equity 1,848 4,200 2,151 2,531 2,025 2,025 3,094 5,625 2,475 4,500 3,300 975 1,219 656 525 1,875 7,500 1,500 6,000 Total assets 7,500 Pellegrini Southern Inc.'s current ratio is and its quick ratio is and its quick ratio is ; Jing Foodstuffs Inc.'s current ratio is Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. Jing Foodstuffs Inc. has a better ability to meet its short-term liabilities than Pellegrini Southern Inc.. 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. Compared to Pellegrini Southern Inc., Jing Foodstuffs Inc. 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