After Analysing a Company's Financial Statements Over a Five-Year Period

True/False

After analysing a company's financial statements over a five-year period, the current year being Year 5, it was determined that the current ratio was as follows: 1.6:1 (Year 5); 1.5:1 (Year 4); 1.1:1 (Year 3); 0.95:1 (Year 3); 0.90:1 (Year 1). From this information we can conclude that the company has been increasing the amount of cash at bank.