Transic Corporation has the following financial data for 20Y7 and 20Y8.

	20Y8	20Y7
ASSETS
Current Assets:
Cash	$ 48,000	$ 14,000
Marketable Securities	9,000	13,000
Accounts Receivable	35,000	24,000
Other Current Assets	15,000	18,000
Total Current Assets	107,000	69,000
Fixed Assets (net)	140,000	130,000
Total Assets	$247,000	$199,000
LIABILITIES
Current Liabilities	$ 72,000	$ 52,000
Long-term Liabilities	50,000	37,000
Total Liabilities	$122,000	$ 89,000
Total Stockholders' Equity	$125,000	$110,000
Total Liabilities And Stockholders' Equity	$247,000	$199,000

What is Transic's current ratio for 20Y8

A. 1.49

B. 0.88

C. 2.14

D. 0.21

Based on Transic's current ratio, which of the following statements regarding the company is true?

A. Transic's current ratio has decreased, indicating that the company is in a less favorable position to obtain short-term credit than in 20Y7.

B.Transic's current ratio has decreased, indicating that the company is in a more favorable position to obtain short-term credit than in 20Y7.

C. Transic's current ratio has increased, indicating that the company is in a more favorable position to obtain short-term credit than in 20Y7.

D. Transic's current ratio has increased, indicating that the company is in a less favorable position to obtain short-term credit than in 20Y7.