Balance Sheet Assets 2007 2008 Liabilities Current Assets Current Liabilities Cash 50 46 Accounts 22 12 receivable Accounts payable Notes payable/short- term debt 2007 2008 42 48 7 5 Inventories 17 38 Total current Total current 89 96 49 53 assets Long-Term Assets Net property, plant, liabilities Long-Term Liabilities and 121 116 Long-term debt 128 136 equipment Total long-term Total long-term 121 116 128 136 assets liabilities Total Liabilities 177 189 Stockholders' Equity 33 23 Total Assets 210 212 Total Liabilities and Stockholders' Equity 210 212 If the above balance sheet is for a retail company, what indications about this company would best be drawn from the changes in the balance sheet between 2007 and 2008? A) The company is having difficulties selling its product. B) The company has added a major new asset in terms of plant and equipment. C) The company has reduced its debt. D) The company has experienced a significant rise in its market value