Which of the following statements is most false?

I. Short-term creditors would be most interested in the firm's capital structure.

II. Generally, the higher the current ratio, the greater the ability of a firm to pay its current obligations.

III. Liquidity ratios are used to measure the ability of a firm to meet its long-term obligations.

IV. Liquidating obsolete inventory for cash will increase the acid-test ratio.

V. The balance sheet summarizes the revenues and expenses of the firm over a period of time, usually a year.

I, III, and V only

I, II, III, and IV only

III, IV, and V only

III and IV only

I and II only