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The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Inc. are as follows: Balance Sheet December 31st (Millions

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The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Inc. are as follows: Balance Sheet December 31st (Millions of dollars) Jing Foodstuffs N&B Equipment Jing Foodstuffs Inc. Company Inc. Liabilities N&B Equipment Company Assets Current assets Current liabilities Cash $574 $369 Accounts payable $0 $0 Accounts 210 135 Accruals 127 0 receivable Inventories 616 396 717 675 Total current 1,400 900 Notes payable Total current liabilities 844 675 assets 1,031 825 Net fixed assets Net plant and equipment Long-term bonds Total debt 1,100 1,100 1,875 1,500 Common equity Common stock 406 325 Retained earnings 219 175 Total common 625 500 Total assets 2,500 2,000 equity Total liabilities and equity 2,500 2,000 ; Jing Foodstuffs Inc.'s current ratio is , and N&B Equipment Company's current ratio is , and its quick ratio is its quick ratio is Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. Jing Foodstuffs Inc. has a better ability to meet its short-term liabilities than N&B Equipment Company. 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. 0 Compared to N&B Equipment Company, Jing Foodstuffs Inc. has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. 0 An increase in the current ratio over time always means that the company's liquidity position is improving

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