1. Which of the statements below is FALSE?

Officers of a company or others who have a fiduciary responsibility to the owners can trade on their acquired private information about the company prior to the information being made public.

One potential problem in the world of finance can arise when some owners or potential owners have access to more information about a company than do others.

Regulation Fair Disclosure (or Reg FD) requires companies to release all material information to all investors at the same time.

The 10-K must be filed within sixty days after the end of the company's fiscal year.

2. A current ratio greater than one can tell us that the company __________.

should be able to cover the current liabilities

should be able to keep away from short-term cash problems

may have too much capital tied up in current assets

all of these