Current Assets and Current Liabilities for Brayden Company Are as Follows

True/False

Current assets and current liabilities for Brayden Company are as follows:?? $$\begin{array} { | l | r | r | } \hline & { 20 \mathrm { Y } 9 } & { 20 \mathrm { Y } 8 } \\\hline \text { Current Assets } & \$ 498,600 & \$ 532,400 \\\hline \text { Current Liabilities } & 269,300 & 301,500 \\\hline\end{array}$$ The change in the current ratio from 20Y8 to 20Y9 was favorable.