Indicate Whether Each of the Following Statements About Financial Statement

Short Answer

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