Zebra Paper Corporation Pellegrini Southern Corporation Assets Current assets Balance Sheet December 31* (Millions of dollars) Pellegrini Southern Zebra Paper Corporation Corporation Liabilities Current liabilities $3,321 Accounts $0 payable Accruals Cash $5,166 $0 1,890 1,215 1,139 0 3,564 6,455 6,075 Accounts receivable Inventories Total current assets Net fixed assets 5,544 $12,600 $8,100 $7,594 $6,075 Notes payable Total current liabilities Long-term bonds Total debt 9,281 7,425 9,900 9,900 $16,875 $13,500 Net plant and equipment $3,656 1,969 $2,925 1,575 Common equity Common stock Retained earnings Total common equity Total liabilities and equity $5,625 $4,500 Total assets $22,500 $18,000 $22,500 $18,000 } Pellegrini Southern Corporation's current ratio is 1.3333 , and its quick ratio is 0.7467 Zebra Paper Corporation's current ratio is 1.6592, and its quick ratio is 0.9292 Note: Round your values to four decimal places. Which of the following statements are true? Check all that apply. Zebra Paper Corporation has a better ability to meet its short-term liabilities than Pellegrini Southern Corporation. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations. Compared to Pellegrini Southern Corporation, Zebra Paper Corporation has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. An increase in the current ratio over time always means that the company's liquidity position is improving