Chapter 3: Balance Sheet Question 11 Prepare a common-sized balance sheet (expressed in percentages) using the following account groups shown in your selected company's balance sheet. Increase or Decrease Account Group Current Prior Year {sarrenl yrarperecnl Year minus prior year percent) Current Assets 32% 30% | Click here to enter text. Net Fixed Assets Click here to enter Click here to enter | Click here to enter text. text. text. Intangible and Other Click here to enter Click here to enter | Click here to enter Noncurrent Assets text. text. text. Total Assets 100% 100% Current Liabilities Click here to enter Click here to enter | Click here to enter text. text. text. Long-term Click here to enter Click here to enter | Click here to enter Liabilities text. text. text. 16 Common Stock Click here to enter Click here to enter | Click here to enter text. text. text. Additional Paid in Click here to enter Click here to enter | Click here to enter Capital text. text. text. Retained Earnings Click here to enter Click here to enter | Click here to enter (Deficit) text. text. text. Other Equity Click here to enter | Click here to enter | Click here to enter Components text. text. text. Total Liabilities and 100% 100% Stockholders' Equity Chapter 3: Balance Sheet Question 12 Identify the three balance sheet groups from question 11 above that changed most significantly. Within each of these groups, identify the primary balance sheet element that drove this change. What events might explain these changes? Group Name: Explanation: Current Assets (Example sales increased by 22%, thus accounts receivable increased by approximately 22%) Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text