In 20X4, C Co. reported a times interest earned ratio of 12.33 times while P Co. reported a ratio of 11.07 times. Which of the following statements is false?

Lenders would be pleased with the ratios of both companies and be willing to lend them money for future expansion.

P Co. and C Co. have more than adequate ratios demonstrating their ability to cover interest charges with their earnings levels.

C Co. is more liquid than P. Co.

C Co's ratio is about 11.3% higher than P Co's ratio.