Which of the following changes in working capital is least likely, given an increase in the overall level of sales?

Only scheduled personal property is covered by homeowners' insurance

Indicate whether the statement is true or false

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?

Use the table for the question(s) below. Balance Sheet Assets 2007 2008 Liabilities 2007 2008 Current Assets Current Liabilities Cash 50 46 Accounts payable 42 48 Accounts receivable 22 12 Notes payable/short-term debt 7 5 Inventories 17 38 Total current assets 89 96 Total current liabilities 49 53 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 A) The company is having difficulties selling its product. 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 has experienced a significant rise in its market value.