The following is summary of information presented on the financial statements of a company on December 31, 2019.
Account
2019
2018
Current Assets
$67,000
$51,000
Accounts Receivable
84,000
78,000
Merchandise Inventory
55,000
40,000
Current Liabilities
72,000
48,000
Long-term Liabilities
34,000
50,000
Common Stock
55,000
42,000
Retained Earnings
45,000
29,000
Net Sales Revenue
$526,000
$507,000
Cost of Goods Sold
405,000
395,000
A. that current liabilities are 34.95% of total equity
B. a 33.33% increase in current liabilities
C. a current ratio of 0.93
D. a 50% increase in current liabilities