Which of the following statements is correct?

The higher the current asset turnover ratio, the higher the operating efficiency.

The longer the cash conversion cycle, the better the company's ability to meet its short$-$term obligations.

The higher the current asset turnover ratio, the lower the operating efficiency.

The lower the quick ratio, the better the company's ability to meet its short$-$term obligations.

Given the following Financial Statement information of Presto Co$.,$ what are the current ratio and quick ratio of the company?

$\backslash$table$[[$Cash and equivalents,$20],[$Receivables$,25],[$Inventory$,30],[$Fixed assets,$500],[$Total current liabilities,$65],[\backslash$table$[[$Total short and long$-$term$],[$debt$]],360],[$Total revenue $($sales$),980]]$

$1\mathrm{.}08$ and $0\mathrm{.}69$

$1\mathrm{.}15$ and $0\mathrm{.}90$

$1\mathrm{.}08$ and $0\mathrm{.}90$

$1\mathrm{.}15$ and $0\mathrm{.}69$