Indicate the answer choice that best completes the statement or answers the question 3. Transic Corporation has the following financial data for 2016 and 2017 2017 2016 ASSETS Current Assets: Cash Marketable Securities Accounts Receivable Other Current Assets Total Current Assets Fixed Assets (net) Total Assets $ 48,000 $14,000 9.000 13,000 35,000 24,000 15,000 18.000 107,000 69,000 140,000 130,000 $247,000 $199,000 LIABILITIES Current Liabilities Long-term Liabilities Total Liabilities $ 72,000 $ 52,000 50.000 37,000 S122,000 $89,000 $125,000 $110,000 $247.000 $199,000 Total Stockholders' Equity Total Liabilities And Stockholders' Equity 3.) What is Transic's working capital for 2017? a. $35,000 b. $90,000 c. $125,000 d. $18,000 3. 11 What is Transic's current ratio for 2017? a. 2.14 b.0.88 c. 0.21 d. 1.49 3. III Based on Transic's current ratio, which of the following statements is true regarding the company? a. Transic's current ratio has increased, indicating that the company is in a more favorable position to obtain short-term credit than in 2016. b. Transie's current ratio has decreased indicating that the company is in a less favorable position to obtain short term credit than in 2016. c. Transic's current ratio has increased indicating that the company is in a less favorable position to obtain short term credit than in 2016. d. Transie's current ratio has decreased indicating that the company is in a more lavorable position to obtain short-term croclit than in 2016