Which of the following statements are true? Check all that apply.

Brilliant Industries has a better ability to meet its short-term liabilities than Volition Corporation.

A current ratio of 1 indicates that the book value of the companys current assets is equal to the book value of its current liabilities.

An increase in the quick ratio over time usually means that the companys liquidity position is improving.

As compared to Volition Corporation., Brilliant Industries has lesser liquidity and relatively greater reliance on outside cash flow to finance its short-term obligations.

An increase in the current ratio over time would always mean that the companys liquidity position is improving.