1. What are the limitations of working capital as a measure of the liquidity of a business as opposed to the current ratio? 2. What is meant by a company’s capital structure? 3. What is the major...

1. What are the limitations of working capital as a measure of the liquidity of a business as opposed to the current ratio?

2. What is meant by a company’s capital structure?

3. What is the major weakness of the single step form for the income statement?

4. What is the first note in the annual report of all publicly held companies? What is its purpose?