\f% HOMEWORK ASSIGNMENT: C X 6 (3' PO Human Resources... canvas A Brandon v My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback 5': MindTap - Cengage Learning a. CENGAGE | MINDTAP X H Course Hero x 5 Assignment: Chapter 02 Analysis of Financial Statements Total debt $10,312.5 $8,250 Common equity: Common stock $2,234.38 $1,787.5 Retained earnings 1,203.12 962.5 Total common equity $3,437.5 $2,750 Total liab es and equity $13,750 $11,000 Oceanic's current ratio is v and its quick ratio is v , whereas EII's current ratio is which of the following statements are true? Check all that apply. v , and its quick ratio is The most recent data from thr' X i + v C] 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. C] An increase in the current ratio over time would always mean that the company's liquidity position is improving. C] 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, it would mean that the company depends heavily on the sale of its inventory to meet its short-term obligations. C] As compared to Oceanic Inc., East India Inc. (EII) has lesser liquidity and relatively greater reliance on outside cash ow to nance its short-term obligations. [3 East India Inc. (EII) has a better ability to meet its short-term liabilities than Oceanic Inc. TOTAL SCORE: 2/4 (m comDIeie ms sleD and unlock me next sleDJ Continue without saving Q Search this course X v i ng.cengage.com/staticb/ui/evo/index.html?deploymentld:603514236604538038012'1683658&eISBN:97803575'|5297&id:1784513667&snapshotld:3458040& {I} r *- I] e E