N&B Equipmes Company Assets Current assets Balance Sheet December 31" (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company Liabilities Current liabilities $861 $553 Accounts $0 payable 315 203 Accruals 190 Cash $0 Accounts 0 924 594 1,075 1,012 receivable Inventories Total current assets Net fixed assets $2,100 $1,350 $1,265 $1,012 Notes payable Total current liabilities Long-term bonds Total debt 1,547 1,238 1,650 1,650 Net plant and equipment $2,812 $2,250 Common equity Common stock $488 $610 328 Retained earnings 262 $938 $750 Total assets $3,750 Total common equity Total liabilities and equity $3,000 $3,750 $3,000 N&B Equipment Company's quick ratio is and its current ratio is and its current ratio is ; Scramouche Opera Company's quick ratio is Which of the following statements are true? Check all that apply. N&B Equipment Company has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations tha Scramouche Opera Company. 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. N&B Equipment Company has a better ability to meet its short-term liabilities than Scramouche Opera Company, An increase in the current ratio over time always means that the company's liquidity position is improving. Grade It Now Save & Continu Continue without