Use the table for the question(s) below.
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets 2011 50221789201246123896 Long-Term Assets Net property, plant, and equipment Total long-term assets Total Assets121121210116116212 Liabilities Current Liabilities Accounts payable Notes payable/short-term debt Total current liabilities 201142749201248553 Long-Term Liabilities Long-term debt Total long-term liabilities Total Liabilities Shareholders’ Equity Total Liabilities and Shareholders’ Equity 1281281773321013613618923212
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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 2011 and 2012?
Taking Sides
The act of supporting one position over another in a dispute, debate, or conflict.
Good Writing Skills
The ability to express ideas clearly and effectively in written form.
American Arbitration Association
A not-for-profit organization that provides arbitration and mediation services to individuals and organizations to resolve disputes outside of court.
Court-appointed Attorneys
Lawyers assigned by a court to represent defendants who cannot afford legal representation.