If a business reports an increase in working capital from one year to the next, which of the following are true about the business?

I. The business has more current assets to meet current liabilities than in the prior year II. Current assets have more support from long-term funding sources than in the prior year III. The business has lower noncurrent assets than in the prior year IV. The business has higher levels of cash and equivalents than in the prior year

A.I & II

B.I & III

C.I, II & IV

D.II, III & IV