The most recent data from the annual balance sheets of Free Spirit Industries Inc. and Jing Foodstuffs Inc. are as follows: Balance Sheet December 31st (Millions of dollars) Free Spirit Industries Inc. Jing Jing Foodstuffs Inc. Foodstuffs Inc. Free Spirit Industries Inc. Assets Current assets Cash Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment $4,305 1,575 4,620 10,500 $2,767 1,013 2,970 6,750 Liabilities Current liabilities Accounts payable Accruals Notes payable Total current liabilities $0 949 5,379 6,328 $0 0 5,062 5,062 Long-term bonds Total debt 8,250 7,734 14,062 8,250 6,188 11,250 Common equity Common stock Retained earnings Total common equity Total liabilities and equity 3,047 1,641 4,688 18,750 2,438 1,312 3,750 15,000 Total assets 18,750 15,000 and its current ratio is > Jing Foodstuffs Inc.'s quick ratio is Free Spirit Industries Inc.'s quick ratio is 1 and its current ratio is