(Solved): A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the f ...

A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Accounts receivable Cash Inventories The most recent data from the annual balance sheets of Free Spirit Industries Corporation and Zebra Paper Corporation are as Spirit Industries Corporation's quick ratio is \( \quad \), and its current ratio is \( \quad \) Zebra Paper Corporation's quick ratio is , and its current ratio is in of the following statements are true? Check all that apply. Zebra Paper Corporation has a better ability to meet its short-term liabilities than Free Spirit Industries Corporation. 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 and that the company is managing its short-term assets well. Compared to Free Spirit Industries Corporation, Zebra Paper Corporation 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.