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

Multiple Choice

The data of Franklin Brothers Corp.for two years are given below. $$\begin{array} { | l | r | r | } \hline & 2016 & 2017 \\\hline \text { Cash and cash equivalents } & \$ 5,300 & \$ 12,300 \\\hline \text { Total current liabilities } & 24,000 & 35,000 \\\hline\end{array}$$ Based on the above information,which of the following statements is true?

A) Cash ratio has increased from 0.02 in 2016 to 0.03 in 2017.
B) Cash ratio has increased from 0.05 in 2016 to 0.08 in 2017.
C) Cash ratio has increased from 0.351 in 2016 to 0.221 in 2017.
D) Cash ratio has increased from0.221 in 2016 to 0.351 in 2017.