Balance SheetAssets$20072008$Liabilities$20072008$Current Assets$$Current Liabilities$$ Cash$5046$ Accounts payable$4248$ Accounts Receivable$2212$ Notes payable$/$ short term debt$75$ Inventories$1738$ Total Current Assets$8996$ Total current liabilities$4953$Long term Assets$$Long term Liabilities$$ Net property, plant and equipment$121116$ Long term debt$128136$ Total long term assets$121116$ Total long term liabilities$128136$Total Liabilities$177189$Stockholders$\text{'}$ Equity$3323$Total Assets$210212$Total Liabilities and Stockholders' Equity$210212$

If the above balance sheet is for a retail company, what indications about this company would

best be drawn from the changes in stockholders' equity between $2007$ and $2008?$

Question $20$Select one:

a$.$

The company's net income in $2008$ was negative.

b$.$

The company is selling its property, plant and equipment, which may result in a

long$-$term deficiency in production capacity.

c$.$

No conclusions can be drawn regarding stockholders' equity without additional

information.

d$.$

The company is very profitable because it is obviously collecting receivables faster.