Note: Please explained clearly how you calculate the answer. Thank you!

The most recent data from the annual balance sheets of East India Inc. (EII) and Volition Corporation. are given. East India Inc. (EII) and Volition Corporation. Balance Sheet Year ending December 31 \begin{tabular}{lcc} (millions of dollars) & EII & Volition \\ \hline ASSETS & & \\ Current assets: & & \\ Cash and equivalents & $1,722 & $1,107 \\ Accounts receivable & 630 & 405 \\ Inventory & 1,848 & 1,188 \\ \hline Total current assets & $4,200 & $2,700 \end{tabular} Net fixed assets: \begin{tabular}{l} Net plant and equipment \\ \hline Total assets \\ LIABILITIES and EQUITY \end{tabular} \begin{tabular}{lcc} Current liabilities: & & \\ Accounts payable & $0 & $0 \\ Accruals & 379.69 & 0 \\ Notes payable & 2,151.56 & 2,025 \\ \hline Total current liabilities & $2,531.25 & $2,025 \\ Long-term bonds & 3,093.75 & 2,475 \\ \hline Total debt & $5,625 & $4,500 \end{tabular} Volition's current ratio is and its quick ratio is , whereas EII's current ratio is , and its quick ratio is Which of the following statements are true? Check all that apply. As compared to East India Inc. (EII), Volition Corporation. has less liquidity and relatively greater reliance on outside cash flow to finance its short-term obligations. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. Volition Corporation. has a better ability to meet its short-term liabilities than East India Inc. (EII) An increase in the quick ratio over time usually means that the company's liquidity position is improving. An increase in the current ratio over time would always mean that the company's liquidity position is improving