The most recent data from the annual balance sheets of Purple Whale Foodstuffs Inc. and Blue Hamster Manufacturing Inc. are as follows: Balance Sheets As of December 31, Year 1 Blue Hamster Purple Whale Blue Hamster Purple Whale Liabilities and Equity Assets Cash $574,000 $369,000 Accounts payable $0 $0 Accruals Accounts receivable 210,000 135,000 126,563 0 Notes payable Inventories 717,187 616,000 396,000 675,000 $843,750 Total current assets $1,400,000 $900,000 Total current liabilities $675,000 Long-term bonds 1,031,250 825,000 $1,500,000 Total debt $1,875,000 Net plant and equipment $1,100,000 $1,100,000 Common stock 406,250 325,000 Retained earnings 218,750 175,000 Total common equity $625,000 $500,000 Total liabilities and equity Total assets $2,500,000 $2,000,000 $2,500,000 $2,000,000 Purple Whale Foodstuffs Inc.'s quick ratio is and its current ratio is ;Blue Hamster Manufacturing Inc.'s quick ratio is and its current ratio is Which of the following statements are true? Check all that apply. Blue Hamster Manufacturing Inc. has a better ability to meet its short-term liabilities than Purple Whale Foodstuffs Inc If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. 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. Compared to Purple Whale Foodstuffs Inc., Blue Hamster Manufacturing Inc. has less liquidity and a relatively greater 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