Scramouche Opera Company (Millions of dollars) Fitcom Corporation Scramouche Opera Company Fitcom Corporation Assets $0 Current assets Cash Accounts receivable Inventories $5,740 2,100 6,160 Liabilities Current liabilities Accounts payable Accruals Notes payable Total current liabilities $3,690 1,350 3,960 9,000 $0 0 1,266 7,171 8,437 6,750 6,750 Total current assets 14,000 Net fixed assets Net plant and equipment Long-term bonds Total debt 10,313 18,750 8,250 15,000 11,000 11,000 Common equity Common stock Retained earnings Total common equity Total liabilities and equity 4,063 2,187 6,250 25,000 3,250 1,750 5,000 20,000 Total assets 25,000 20,000 Fitcom Corporation's current ratio is and its quick ratio is , and its quick ratio is ; Scramouche Opera Company's current ratio is Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. O Scramouche Opera Company has a better ability to meet its short-term liabilities than Fitcom Corporation. O 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. O Compared to Fitcom Corporation, Scramouche Opera Company 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