The data of Franklin Brothers Corp. for two years are given below: 2015 2016 $12,500 Cash and cash equivalents Total current liabilities Based on the above information, which of the following statements is true? $5,400 24,000 30,000 O Cash ratio has increased from 0.02 in 2015 to 0.03 in 2016. Cash ratio has increased from 0.05 in 2015 to 0.08 in 2016 Cash ratio has increased from 0.417 in 2015 to 0.225 in 2016. Cash ratio has increased from 0.225 in 2015 to 0.417 in 2016