The following is summary of information presented on the financial statements of a company on December 31, 2019 Account 2019 2018 Current Assets $68,000 $55,000 Accounts Receivable 84.000 75,000 Merchandise Inventory 50,000 41,000 Current Liabilities 79000 52,000 Long-term Liabilities 30,000 52,000 Common Stock 50,000 42,000 Retained Earings 43,000 25,000 Net Sales Revenue Cost of Goods Sold Grace Draft $525,000 402,000 (16 $505,000 398,000 17 nnn O A. a 34.18% increase in current liabilities OB. a 51 92% increase in current liabilities OC that current liabilities are 39 11% of total equity O D. a current ratio of 0.86 LU LOMUS 10,00 JLUVU Long-term Liabilities 30,000 52,000 Common Stock 50,000 42,000 Retained Earnings 43,000 25,000 Net Sales Revenue $525,000 $505,000 Cost of Goods Sold 402,000 398,000 Gross Profit $123,000 $107,000 Selling Expenses 46,000 52,000 Net Income Before Income Tax Expense $77,000 $55,000 Income Tax Expense 24,000 $16,600 Net Income $53,000 $38,400 With respect to current liabilities, a horizontal analysis reveals (Round your answer to two decimal places) A a 34 18% increase in current liabilities B. a 51.92% increase in current liabilities c. that current liabilities are 39.11% of total equity D. a current ratio of 0 86