The most recent data from the annual balance sheets of N&B Equipment Company and Scramouche Opera Company are as follows: N&B Equipment Company Assets Current assets Balance Sheet December 31ST (Millions of dollars) N&B Scramouche Equipment Scramouche Opera Company Company Opera Company Liabilities Current liabilities $861 $553 Accounts payable 315 203 190 Cash $0 924 2,100 594 1,350 1,075 1,265 1,012 1,012 Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment Notes payable Total current liabilities Long-term bonds Total debt 1,547 1,238 1,650 1,650 2,812 2,250 Common equity Common stock Retained 610 328 488 262 earnings 938 750 Total common equity Total liabilities and equity Total assets 3,750 3,000 3,750 3,000 , and its current ratio is ; Scramouche Opera Company's quick N&B Equipment Company's quick ratio is ratio is , and its current 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 than 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