Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 $519,159 166,106 232,548 382,044 49,832 83,053 1,432,742 1,384,217 568,003 $3,384,962 $274,579 187,064 260,190 352,022 22,958 85,029 1,181,842 625,421 425,000 $2,232,263 Current Assets Cash and cash equivalents Marketable securities Accounts receivable (net) Inventories Prepaid expenses Other current assets Total Current Assets Property, plant and equipment Long-term investment Total Assets Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term debt Deferred income taxes Total Liabilities Common stock Additional paid-in capital Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $306,376 155,000 228,700 246,292 87,962 1,024,330 500,000 193,515 1,717,845 $425,250 356,450 885,417 1,667,117 $3,384,962 $170,419 168,000 257,631 150,285 161,020 907,355 300,000 236,164 1,443,519 $125,000 344,335 319,409 788,744 $2,232,263 Selected Income Statement Data for the year ending December 31, Year 7 Net sales Cost of goods sold Selling expenses Operating income Interest expense Earnings before income taxes Income tax expense Net income $4,885,340 (2,978,182) (884,685) 1,022,473 (55,240) 967,233 (401,225) $566,008 Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations Capital expenditures $1,310,476 $745,862 Required Wilmington Corporation's quick ratio changed by what percentage from Year 6 to Year 7? Select one: a. + 12.5% O b.+ 11.1% o C. +7.7% o d. + 88.9%