A liquid asset can be converted to cash quickly without significantly impacting the asset's value. Which of the following asset classes is generally considered to be the most liquid? Cash Accounts receivable Inventories The most recent data from the annual balance sheets of Fitcom Corporation and Zebra Paper Corporation are as follows: Fitcom Corporation's current ratio is , and its quick ratio is ; Zebra Paper Corporation's current ratio is quick ratio is - Note: Round your values to four decimal places. , and its Which of the following statements are true? Check all that apply. Fitcom Corporation has less liquidity but also a greater reliance on outside cash flow to finance its shot-term obligations than Zebra Paper Corporation. A current ratio of 1 indicates that the book value of the company's current assets is equal to the book value of its current liabilities. 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. Ftcom Corporation has a better ability to meet its short-term liabilities than Zebra Paper Corporation. An increase in the current ratio over time always means that the company's liquidity position is improving