Which of the following is NOT true of liquidity ratios?

For manufacturing firms, quick ratios will tend to be much larger than current ratios.

There are two commonly used ratios to measure liquidity$-$current ratio and quick ratio.

They measure the ability of a firm to meet short$-$term obligations with short$-$term assets without putting the firm in financial

trouble.

The higher the liquidity ratios, the more liquid the firm and the better its ability to pay its short$-$term bills.