Which of the following is least likely to be a positive indicator of a firm's efficiency and liquedity? Higher working capital turnover ratio and lower net operating cycle: Higher defensive interval ratio and higher quick ratio. Higher payable turnover ratio and higher net operating cycle. Which of the following is least likely to be a positive indicator of a firm's efficiency and liquedity? Higher working capital turnover ratio and lower net operating cycle: Higher defensive interval ratio and higher quick ratio. Higher payable turnover ratio and higher net operating cycle