Which of the following asset classes is generally considered to be the least liquid? Inventories Accounts receivable Cash The most recent data from the annual balance sheets of Free Spirit Industries Inc. and Scramouche Opera Company are as follows: Free Spirit Industries Inc.'s current ratio is _____, and its quick ratio is _____; Scramouche Opera Company's current ratio is ______, and its quick ratio is ______. Which of the following statements are true? Check all that apply. Free Spirit Industries Inc. 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. Free Spirit industries Inc. 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