True or false : and why for the following statements

Working capital is the total amount of assets needed to operate the business during the next year, or the operating cycle, whichever is shorter. The current ratio is the dollar difference between total assets and total liabilities. In 2017, Landry's Restaurants reported current assets of $120.6 million, total assets of $1, 102.8 million, current liabilities of 159.6 million and total liabilities of 498.2 million. Landry's current ratio is 0.76. A current ratio can be manipulated by management through paying off current liabilities before the end of the accounting period. Liabilities must be fully reported in conformity with the full-disclosure principle. The "accounts payable" account should generally be used only for trade accounts payable (obligations owed to suppliers in the normal course of business) which relate to the purchase of goods and services. Current liabilities are short-term obligations that will be paid within the current operating cycle of the business or within one year of the balance sheet date, whichever is longer