Virtual Industriesnc.$$s quick ratio is $,$ and its current ratio is $,$ whereas East India Inc. $($EII$)$s quick ratio is $,$ and its current ratio is $.$

Which of the following statements are true? Check all that apply.

As compared to East India Inc. $($EII$),$ Virtual Industriesnc. has less liquidity and relatively greater reliance on outside cash flow to finance its short$-$term obligations.

If a company$$s current liabilities are increasing faster than its current assets, the company$$s liquidity position is weakening.

An increase in the quick ratio over time usually means that the company$$s liquidity position is improving.

Virtual Industriesnc. has a better ability to meet its short$-$term liabilities than East India Inc. $($EII$)$

An increase in the current ratio over time would always mean that the company$$s liquidity position is improving.

One of the most important assumptions behind the calculation of quick ratio is that:

The firm$$s accounts receivables can be collected and converted into cash within the time period for which credit was granted

The firm$$s inventories are highly liquid and can be sold quickly with minimal loss of value to assist in the settlement of the firm$$s financial obligations

The firm$$s accounts receivables will be collected late $($after the expiration of the credit period$)$ or are uncollectible