Question 13 Use the table for the question. Balance Sheet (in billion dollars) Assets 2007 2008 Liabilities 2007 2008 Current Assets Cash 50 46 Current Liabilities Accounts payable Notes payable/short-term debt 42 48 Accounts receivable 22 12 7 5 Inventories 17 38 53 Total current assets 89 96 Total current liabilities 49 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 116 Long-term debt 128 136 Total long-term assets 121 116 Total long-term liabilities 128 136 Total Liabilities 177 189 Stockholders' Equity 33 23 Total Assets 210 212 Total Liabilities and 210 212 Stockholders' Equity If the above balance sheet is for a retail company, how has the company's leverage (book debt to equity ratio) changed between 2007 and 2008? There is no sufficient information about change in leverage. . The company has experienced a significant increase in its leverage. The company has experienced no significant change in its leverage. The company has experienced a significant decrease in its leverage