The Data of Franklin Brothers Corp Based on the Above Information, Which of the Following Statements

Multiple Choice

The data of Franklin Brothers Corp. for two years are given below: $$\begin{array} { | l | c | r | } \hline & 2014 & 2015 \\\hline \text { Cash and cash equivalents } & \$ 5,400 & \$ 12,500 \\\hline \text { Total current liabilities } & 24,000 & 30,000 \\\hline\end{array}$$ Based on the above information, which of the following statements is true?

A) Cash ratio has increased from 0.02 in 2014 to 0.03 in 2015.
B) Cash ratio has increased from 0.05 in 2014 to 0.08 in 2015.
C) Cash ratio has increased from 0.417 in 2014 to 0.225 in 2015.
D) Cash ratio has increased from 0.225 in 2014 to 0.417 in 2015.