The following is summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Current Assets $65,000 $52,000 Accounts Receivable 80,000 78,000 Merchandise Inventory 50,000 45,000 Current Liabilities 68,000 53,000 Long-term Liabilities 35,000 51,000 Common Stock 51,000 43,000 Retained Earnings 41,000 28,000 Net Sales Revenue Cost of Goods Sold $530,000 400,000 $506,000 397,000 A. a current ratio of 0.96 O B. a 28.3% increase in current liabilities O c. that current liabilities are 34.87% of total equity O D. a 22.06% increase in current liabilities Click to select your answer. Long-term Liabilities Common Stock Retained Earnings 35,000 51,000 41,000 51,000 43,000 28,000 Net Sales Revenue $530,000 Cost of Goods Sold 400,000 Gross Profit $130,000 Selling Expenses 50,000 Net Income Before Income Tax Expense $80,000 Income Tax Expense 25,000 Net Income $55,000 With respect to current liabilities, a horizontal analysis reveals $506,000 397,000 $109,000 54,000 $55,000 $16,500 $38,500 (Round your answer to two decimal places.)