The Following Is Summary of Information Presented on the Financial

The following is summary of information presented on the financial statements of a company on December 31, 2019. $$\begin{array} { | l | r | r | } \hline \text { Account } & { \mathbf { 2 0 1 9 } } & { \mathbf { 2 0 1 8 } } \\\hline \text { Current Assets } & \$ 66,000 & \$ 50,000 \\\hline \text { Accounts Receivable } & 83,000 & 78,000 \\\hline \text { Merchandise Inventory } & 53,000 & 44,000 \\\hline \text { Current Liabilities } & 75,000 & 52,000 \\\hline \text { Long-term Liabilities } & 31,000 & 53,000 \\\hline \text { Common Stock } & 51,000 & 40,000 \\\hline \text { Retained Earnings } & 45,000 & 27,000 \\\hline & & \\\hline \text { Net Sales Revenue } & \$ 527,000 & \$ 506,000 \\\hline \text { Cost of Goods Sold } & \underline { 400,000 } & \underline { 401,000 } \\\hline \text { Gross Profit } & \$ 127,000 & \$ 105,000 \\\hline \text { Selling Expenses } & \underline { 48,000 } & \underline { 50,000 } \\\hline \text { Net Income Before Income Tax Expense } & \$ 79,000 & \$ 55,000 \\\hline \text { Income Tax Expense } & \underline { \$ 5,000 } & \$ 17,000 \\\hline \text { Net Income } & \$ 54,000&\$38,000 \\\hline\end{array}$$ With respect to current liabilities, a horizontal analysis reveals ________. (Round your answer to two decimal places.)

A) that current liabilities are 37.13% of total equity
B) a 44.23% increase in current liabilities
C) a current ratio of 0.88
D) a 30.67% increase in current liabilities