Question: Use the table for the question. Balance Sheet (in billion dollars) 2007 2008 Liabilities 2007 2008 Assets Current Assets Cash 50 46 Current Liabilities Accounts

 Use the table for the question. Balance Sheet (in billion dollars)

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

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