2 A company began the year with assets of $114,000, liabilities of $27,000, and stockholders' equity of $87,000. During the year assets increased $56,400 and stockholders' equity increased $22,800. What was the change in liabilities for the year? Increase of $79,200 Increase of $33,600 Decrease of $79,200 Decrease of $33,600 None of the above. Which of the following statements about the current ratio is not correct? a. The current ratio is used to evaluate a company's ability to pay current obligations. O b. When making comparisons across companies, it's far easier to express the relationship as a ratio. O c. A high current ratio suggests good liquidity. d. Having more current assets than current liabilities will yield a current ratio less than 1.0. e. All of the above statements about the current ratio are correct