The Data of Graham Brothers Company for Two Years Are

Multiple Choice

The data of Graham Brothers Company for two years are given below. $$\begin{array} { | l | r | r | } \hline & 2018 & 2019 \\\hline \text { Cash and cash } & & \\\text { equivalents } & \$ 5,300 & \$ 12,000 \\\hline \text { Total current liabilities } & 24,000 & 31,000 \\\hline\end{array}$$ Based on the above information,which of the following statements is TRUE?

A) Cash ratio has increased from 0.02 in 2018 to 0.03 in 2019.
B) Cash ratio has increased from 0.05 in 2018 to 0.08 in 2019.
C) Cash ratio has increased from 0.387 in 2018 to 0.221 in 2019.
D) Cash ratio has increased from 0.221 in 2018 to 0.387 in 2019.