Which of the Following Statements Is Most Correct

Which of the following statements is most correct?

A) Current cash flows are usually better proxies for future cash flows than a firm's earnings are, so the Price/Cash Flow ratio is typically a more reliable predictor of price than the
Price/Earnings ratio.
B) Current cash flows are typically reliable predictors of future earnings, so the P/E ratio is often calculated using cash flows rather than earnings.
C) Current earnings and current cash flows are generally close enough in amount that the Price/Cash Flow ratio and the Price/Earnings ratio will be very similar.
D) Current earnings are often better representatives of future cash flows than are current cash flows, so the Price/Earnings ratio is often a better predictor of price than the Price/Cash
Flow ratio.