The most recent data from the annual balance sheets of Fusionista Inc. and Oceanic Inc. are given. Fusionista Inc. and Oceanic Inc. Fusionista Oceanic Balance Sheet Year ending December 31 (millions of dollars) ASSETS Current assets: Cash and equivalents $4,592 $2,952 Accounts receivable 1,680 1,080 Inventory 4,928 3,168 Total current assets $11,200 $7,200 Net fixed assets: Net plant and equipment 8,800 8,800 Total assets $20,000 $16,000 LIABILITIES and EQUITY Current liabilities: Accounts payable $0 $0 Accruals 1,012.5 0 Notes payable 5,737.5 5,400 Total current liabilities $6,750 $5,400 Long-term bonds 8,250 6,600 Total debt $15,000 $12,000 Common equity: Common stock $3,250 $2,600 Retained earnings 1,750 1,400 Total common equity $5,000 $4,000 Total liabilities and equity $20,000 $16,000 Oceanics current ratio is and its quick ratio is , whereas Fusionistas current ratio is , and its quick ratio is . Which of the following statements are true? Check all that apply. As compared to Oceanic Inc., Fusionista Inc. has lesser liquidity and relatively greater reliance on outside cash flow to finance its short-term obligations. An increase in the current ratio over time would always mean that the companys liquidity position is improving. An increase in the quick ratio over time usually means that the companys liquidity position is improving. Fusionista Inc. has a better ability to meet its short-term liabilities than Oceanic Inc. A current ratio of 1 indicates that the book value of the companys current assets is equal to the book value of its current liabilities.