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20192020 42 48 Statement of Financial Position Assets 20192020 Liabilities Current Assets Current Liabilities Cash 50 46 Accounts payable Notes Accounts payable/short-term receivable 22 12
20192020 42 48 Statement of Financial Position Assets 20192020 Liabilities Current Assets Current Liabilities Cash 50 46 Accounts payable Notes Accounts payable/short-term receivable 22 12 debt Inventories 17 38 Total current Total current assets 89 96 liabilities 7 5 49 53 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 116 Long-term debt 128 136 Total long-term Total long-term assets 121 116 liabilities 128 136 Total Liabilities 177 189 Shareholders' Equity 33 23 Total Liabilities and Total Assets 210 212 Shareholders' Equity 210 212 If the above statement of financial position is for a retail company, what indicatio about this company would best be drawn from the changes in the statement of financial position between 2019 and 2020? OA) The company has reduced its debt. B) The company has experienced a significant rise in its market value. C) The company has added a major new asset in terms of plant and equipme D) The company is having difficulties selling its product. E) The company has reduced its net working capital
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