Multiple Choice
The data of Franklin Brothers Corp.for two years are given below.
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 0.403 in 2016 to 0.241 in 2017.
D) Cash ratio has increased from 0.241 in 2016 to 0.403 in 2017.
Correct Answer:
Verified
Correct Answer:
Verified
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