Miller Company reports the following assets from the last two years: 2019 2018 Current Assets: Cash and Cash Equivalents $2,100 $1,900 Accounts Receivable 1,800 1,500 Merchandise Inventory 1,300 1,000 Prepaid Expenses 1,400 2,300 Total Current Assets 6,600 6,700 Other Assets 16,000 14,000 Total Assets $22,600 $20,700 Using horizontal analysis, what is the percentage of increase in Cash and Equivalents? A. 8.00% B. 9.87% C. 7.58% D. 10.53%
E. I DON'T KNOW YET