1. Working capital includes both current and non-current assets. Do you agree or disagree with this statement? Explain.

2. Why does the equity section of a balance sheet usually contain an account, capital in excess of par?

3. Explain why common stockholders are paid after preferred stockholders

4. Compare the information supplied by an income statement, a balance sheet, and a statement of cash flows.

5. Are retained earnings and cash the same thing? Explain

6. What assets are current assets? Which of these assets are least liquid? Why?

Please give me all answers.