Balance Sheet Assets 2007 2008 Liabilities 2007 2008 Current Assets Cash 50 46 Accounts Current Liabilities Accounts payable Notes payable/short- 42 48 22 12 7 5 receivable term debt Inventories 17 38 Total current Total current 89 96 49 53 assets liabilities Long-Term Assets Net property, plant, Long-Term Liabilities and 121 116 Long-term debt 128 136 equipment Total long-term 121 116 Total long-term 128 136 assets 177 189 Total Assets 210 212 liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 33 23 210 212 If the above balance sheet is for a retail company, how has the company's leverage changed between 2007 and 2008? The company has experienced a significant decrease in its leverage. The company has experienced a very significant decrease in its leverage. Need more information. The company has experienced a significant increase in its leverage. The company has experienced no significant change in its leverage