Working capital is defined as: Question 1 options: A) total assets total liabilities B) current assets + current liabilities C) current assets current liabilities D) current liabilities current assets Question 2 (1 point) When calculating trend percentages, all percentages shown are relative to: Question 2 options: A) the current year B) the base year C) the average index calculated for all the years shown D) the immediately preceding year Question 3 (1 point) The goal of financial analysis is to predict the future by examining the past. Question 3 options: True False Question 4 (1 point) Horizontal analysis involves the study of: Question 4 options: A) Percentage changes from year to year B) The change in key financial statement ratios over a certain time frame or horizon C) Financial-statement item to its base, which is the 100% figure