* answer correctly, most answers posted on chegg are incorrect for this question.

The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Inc. are as follows: Balance Sheet December 31st(Millions of dollars) Jing Foodstuffs N&B Equipment Jing Foodstuffs Inc. Company Inc. N&B Equipment Company Assets Liabilities Current assets Current liabilities Cash $1,435 $922 Accounts payable $0 $0 Accounts 525 338 Accruals 316 0 receivable Inventories 1,540 990 Notes payable 1,793 1,687 Total current 3,500 2,250 Total current 2,109 1,687 assets liabilities Net fixed assets Long-term bonds 2,578 2,063 Net plant and 2,750 2,750 Total debt 4,687 3,750 equipment Common equity Common stock 1,016 813 Retained earnings 547 437 Total common 1,563 1,250 equity Total assets 6,250 5,000 Total liabilities and 6,250 5,000 equity , and its current ratio is ; Jing Foodstuffs Inc.'s quick ratio is and N&B Equipment Company's quick ratio is its current ratio is Which of the following statements are true? Check all that apply. Jing Foodstuffs Inc. has a better ability to meet its short-term liabilities than N&B Equipment Company. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position is weakening. 0 An increase in the quick ratio over time usually means that the company's liquidity position is improving. Compared to N&B Equipment Company, Jing Foodstuffs Inc. has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. 0 An increase in the current ratio over time always means that the company's liquidity position is improving