Which of the following asset classes is generally considered to be the most liquid? O Cash Inventories O Accounts receivable The most recent data from the annual balance sheets of Pellegrini Southern Inc. and LeBron Sports Equipment Inc. are as follows: Balance Sheet December 31st (Millions of dollars) LeBron Sports Equipment Inc. Pellegrini Southern Inc. LeBron Sports Equipment Inc. Pellegrini Southern Inc. Assets Liabilities Current assets Current liabilities $1,148 420 1,232 2,800 $738 Accounts payable $0 253 1,434 1,687 2,063 3,750 $0 Cash Accounts receivable Inventories 270Accruals Notes payable Total current liabilities Long-term bonds 1,350 1,350 1,650 3,000 792 Total current assets Net fixed assets Net plant and equipment 1,800 2,200 2,200 Total debt Common equity 813 437 1,250 5,000 650 350 1,000 4,000 Common stock Retained earnings Total common equity Total assets 5,000 4,000 Total liabilities and equity Pellegrini Southern Inc.'s quick ratio is , and its current ratio is ; LeBron Sports Equipment Inc.'s quick ratio is , and its current ratio is Which of the following statements are true? Check all that apply LeBron Sports Equipment Inc. has a better ability to meet its short-term liabilities than Pellegrini Southern 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 wel Compared to Pellegrini Southern Inc., LeBron Sports Equipment Inc. has less liquidity and a lower 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