, and its quick ratio is - Notel Round your values to four dedimal places. Which of the following statements are true? Check all that apply. Free Spirit Industries Inc. has less lilquidity but also a grester rellance on outside cash flaw to finance its short-term obligations than Leteran Sports Equipment Inc.. A current ratio of 1 indicates that the hook value of the company's current assets is equal to the boak value of its current lisbilities. 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, thet the company depends heavily on the sale of its inventory to meet its shart-term obligations. Free Spirit Industries Inc. has a better ab ty to meet its short-term I Ibilities than LeBran Sports Equ' pment Inc. An increase in the current ratio over time always means that the company's liquidity pasition is improving. , and its quick ratio is - Notel Round your values to four dedimal places. Which of the following statements are true? Check all that apply. Free Spirit Industries Inc. has less lilquidity but also a grester rellance on outside cash flaw to finance its short-term obligations than Leteran Sports Equipment Inc.. A current ratio of 1 indicates that the hook value of the company's current assets is equal to the boak value of its current lisbilities. 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, thet the company depends heavily on the sale of its inventory to meet its shart-term obligations. Free Spirit Industries Inc. has a better ab ty to meet its short-term I Ibilities than LeBran Sports Equ' pment Inc. An increase in the current ratio over time always means that the company's liquidity pasition is improving