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The data of Graham Brothers Corp. for two years are given below. Cash and cash equivalents Total current liabilities 2018 $5,300 24,000 2019 $12,100 34,000
The data of Graham Brothers Corp. for two years are given below. Cash and cash equivalents Total current liabilities 2018 $5,300 24,000 2019 $12,100 34,000 Based on the above information, which of the following statements is true? A. Cash ratio has increased from 0.356 in 2018 to 0.221 in 2019. O B. Cash ratio has increased from 0.02 in 2018 to 0.03 in 2019. OC. Cash ratio has increased from 0.05 in 2018 to 0.08 in 2019. OD. Cash ratio has increased from 0.221 in 2018 to 0.356 in 2019
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