The data of Franklin Brothers Corp. for two years are given below. 2016 2017 Cash...
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Accounting
The data of Franklin Brothers Corp. for two years are given below. 2016 2017 Cash and cash equivalents $ 5 comma 100$5,100 $ 12 comma 300$12,300 Total current liabilities 22 comma 00022,000 30 comma 00030,000 Based on the above information, which of the following statements is true.
A.
Cash ratio has increased from 0.05 in 2016 to 0.08 in 2017.
B.
Cash ratio has increased from 0.02 in 2016 to 0.03 in 2017.
C.
Cash ratio has increased from
0.410.41
in 2016 to
0.2320.232
in 2017.
D.
Cash ratio has increased from
0.2320.232
in 2016 to
0.410.41
in 2017.
Please use these options instead and disregard the previous update that I previous posted.
ps I would like a break down please with the answer instead of just the answer
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