The Product: Financial Statements Exhibit 1.10 contains Clorox's balance sheets as of June 30, 2021 and 2020. Required: Use the information in Exhibit 1.10 to answer the following:

Did total assets increase or decrease from 2020 to 2021 ?

By dollar amount, which asset experienced the largest increase, and which asset experienced the largest decrease?

Does Clorox finance its assets with a greater proportion of liabilities or stockholders' equity?

Did liabilities increase or decrease during 2021?

Did stockholders' equity increase or decrease during 2021?