Zebra Paper Corp Fitcom Corp. Balance Sheet December 31" (Millions of dollars) Zebra Paper Fitcom Corp. Corp. Liabilities Current liabilities $3,731 $2,398 Accounts payable 1,365 878 Accruals 4,004 2,574 Notes payable $9,100 $5,850 Total current liabilities Long-term bonds 7,150 7,150 Total liabilities $0 $0 823 Assets Current assets Cash Accounts receivable Inventories Total current assets Net fixed assets Net plant and equipment 0 4,661 4,387 $5,484 $4,387 6,703 5,363 $12,187 $9,750 2,641 2,113 Common equity Common stock Retained earnings Total common equity Total liabilities and equity 1,422 $4,063 $16,250 1,137 $3,250 $13,000 Total assets $16,250 $13,000 Complete the following table by entering the values of the current and quick ratios for Ficom Corp. and Zebra Paper Corp. (Hint: Round to four decimal places.) Fitcom Corp. Zebra Paper Corp. Current Quick Ratio Which of the following statements are true? Check all that apply. Fitcom Corp. has less liquidity but also a greater reliance on outside cash flow to finance its short-term obligations than Zebra Paper Corp If a company's current abilities are increasing faster than its current assets, the company's liquidity position is weakening, An increase in the quick ratio over time usually means that the company's liquidity position is improving and that the company is managing its short-term assets well. Fitcom Corp, has a better ability to meet its short-term Habilities than Zebra Paper Corp. cannot An increase in the current ratio over time always means that the company's liquidity position is improving can be converted into One of the most important assumptions behind the calculation of the quick ratio is that the firm's accounts receivable cash within the time period for which credit was granted