The following is summary of information presented on the financial statements of a compan Account Current Assets Accounts Receivable Merchandise Inventory Current Liabilities 2025 $66,000 2024 $55,000 85,000 76,000 53,000 43,000 77,000 53,000 Long-term Liabilities Common Stock Retained Earnings 34,000 54,000 50,000 40,000 43,000 27,000 Net Sales Revenue $527,000 $508,000 Cost of Goods Sold 402,000 396,000 Gross Profit $125,000 $112,000 Selling Expenses 45,000 51,000 Net Income Before Income Tax Expense $80,000 $61,000 Income Tax Expense 27,000 $16,700 Net Income $53,000 $44,300 With respect to current liabilities, a horizontal analysis reveals (Round your ar A. a 45.28% increase in current liabilities OB. a 31.17% increase in current liabilities OC. a current ratio of 0.86 OD. that current liabilities are 37.75% of total equity