Link, Incorporation
Selected financial data ($ thousands)
	2020	2021
Income statement and related items
Sales	$ 160,835	$ 274,219
Cost of goods sold	141,829	209,628
Net income	(91,432)	(257,981)
Cash flow from operations	(35,831)	(12,538)
Balance sheet items
Cash	$ 236,307	$ 164,952
Marketable securities	209,670	22,638
Accounts receivable	12,645	21,655
Inventory	3,971	40,556
Total current assets	462,593	249,801
Accounts payable	17,735	13,962
Accrued liabilities	27,184	76,596
Total current liabilities	44,919	90,558

Please refer to the financial data for Link, Incorporation above. Which of the following statements best describes how the Link's short-term liquidity changed from 2020 to 2021?

Multiple Choice

A. Links short-term liquidity has improved modestly.

B. Links short-term liquidity has deteriorated very little, but from a low initial base.

C. Links short-term liquidity has improved considerably, but from a low initial base.

D. Links short-term liquidity has deteriorated considerably, but from a high initial base.

E. None of the options are correct.