Indicate which of the following four statements is right or wrong: a. Because working capital requirement 1WCR25net long-term financing 1NLF2 1 net short-term financing (NSF), I can reduce my investment in the operating cycle by either reducing my long-term financing through the repurchase of shares or by borrowing less on a short-term basis. b. The lower my WCR, the more liquid my business unit is. One way to reduce WCR is to reduce inventories. I can do that by writing down some of my obsolete inventories. c. Although I can improve my liquidity or acid test ratios by letting my customer pay later, the result would be a decrease in the liquidity of my business unit. d. If I decrease my WCR, I will increase my cash holdings and be able to borrow less from my bank. But my bank, which makes money by lending funds, will be unhappy.