The most recent data from the annual balance sheets of Fitcom Corporation and Scramouche O
The most recent data from the annual balance sheets of Fitcom Corporation and Scramouche Opera Company are as follows: Fitcom Corporation's quick ratio is_____, and its current ratio is_____; Scramouche Opera Company's quick ratio is_____, and its current ratio is_____.
Which of the following statements are true? Check all that apply. Fitcom Corporation has less liquidity but also a greater reliance on outside cash flow to finance its short-term Scramouche Opera Company. If a company's current liabilities are increasing faster than its current assets, the company's liquidity position If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between large, then the company depends heavily on the sale of its inventory to meet its short-term obligations.
Fitcom Corporation has a better ability to meet its short-term liabilities than Scramouche Opera Company An increase in the current ratio over time always means that the company's liquidity position is improving.
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