Courses The recent data from the annual balance sheets of tcom Corporation and Scramouche Opera Company are as follows AGE UNLIMITED Browse Catalog Partner Offers Balance Sheet December 31" (Millions of dollars) Scramouche Opera Fit.com Scramouche Opera Company Corporation Company Tito Corporation Current Print Options College Success Career Center MENDED FOR YOU $3157 Current liabilities Accounts payable Accrual $2,029 743 $0 Accounts ca 1.155 $0 506 Inventories 11 2.178 3,944 $7,700 3,712 $3,712 Study Tools $4,950 54,640 " Notes payable Total current Hatties Long-term bonds Total debt ed 45 Net plant and 6.050 5,672 $10,312 6,050 $8,250 Tools for Introductory rate Finance equipment Common equity Common stock Retained earnings Total common $1,788 $2,235 1,203 3.438 $2,750 Type here to search Ch 04: Assignment - Analysis of Financial Statements Retained earnings 1.203 962 Total common $3,438 $2,750 equity Total assets $13,750 $11,000 $13,750 $11,000 Total liabilities and equity and its current ratio is Fitcom Corporation's quick ratio is its current ratio is Scramouche Opera Company's quick ratio is Which of the following statements are true? Check all that apply. Saramouche Opera Company has a better ability to meet its short-term liabilities than Fitcom 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. uctory Compared to Fitcom Corporation, Scramouche Opera Company 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