1-What does it mean if a company has a lack of working capital? How is working capital calculated? Describe in at least 3 sentences

2-All other things being equal, the higher a companys net margin, the better its performance. This statement is

A. True

B. False

And fully describe your answer with at least 3 sentences.

3-How does the selection of an inventory costing system affect the financial statements? Specifically consider FIFO, LIFO, and weighted average

4-How does the selection of a depreciation method affect the financial statements? Specifically, consider straight line and accelerated methods. Describe in at least 3 sentences.