The most recent data from the annual balance sheets of East India Inc. (EII) and Virtual Industries are given. Virtual's current ratio is and its quick ratio is whereas EII's current ratio is and its quick ratio Virtual's current ratio is and its quick ratio is Whereas Ell's current ratio is and its quiek ratlo is Which of the following statements are true? Check all that apply: East India Inc. (EII) has a better ability to meet-its short-term llablities than Virtual industries As compared to Virtual Industries, East. India Inc. (EII) has lesser liquidity and relatively greater reliance on outside cash flow to finance its short-term obligations. A cumrent ratio of 1 indicates that the book value of the company's current assets is equal to the book value of its current liabilities. If a company has a quick ratio of less than 1 but a current ratio of more than 1 , and if the difference between the two ratios is large, it would mean that the company depends heavily on the sale of its inventory to meet its short-term obligations. An increase in the current ratio over time would always mean that the company's liquidity position is improving