Indicate Whether Each of the Following Statements About Financial Statement

Indicate whether each of the following statements about financial statement analysis is true or false.________ a)Working capital is a measure of the amount of current assets a company would have left after paying its current liabilities.________ b)If a transaction causes a company's working capital to increase, the transaction caused the company to become less liquid.________ c)Interpretation of a company's current ratio can be difficult because it is an absolute amount.________ d)The quick ratio is a more conservative variation of the current ratio.________ e)The quick ratio is usually calculated by using the following equation: (cash + receivables + current marketable securities)÷ current liabilities.