The consolidated 2011 and 2010 balance sheets for Corcoran Inc. and Subsidiaries follow.

Required:
1. Calculate the percentage that Corcoran€™s total assets increased by during 2011 (in percent- age terms, rounded to one decimal place). You do not need to include the actual dollar amounts shown above.
2. Determine whether any of the asset categories experienced larger increases than others.
3. Indicate where Corcoran acquired the capital to finance its asset growth.
4. Indicate whether any of the individual liability or equity items increased at a rate different from the rate at which total liabilities and equity increased.

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Corcoran Inc. and Subsidiaries Consolidated Balance Sheets In millions except per share amounts December 31, ASSETS Current ossets: Cash and cash equivalents ShortHerm investments at cost which approximates market Accounts and notes receivable, less allowance $226.9 169.9 1,888.5 1,588.5 1,629.3 1,883.4 $128.3 in 2011 and $112.0 in 2010 Prepaid expenses, taxes, and other current assets Total current assets Investments in affiliates and other assets Property, plant, and equipment, net Intangible assets, net Total assets 768.8 426.6 4,842.3 1,707.9 7,442.0 6,959.0 $23,705.8 $20,951.2 924.7 499.8 5,164.1 1,756.6 8,855.6 7,929.5 IABILITES AND STOCKHOLDERS EQUITY Current liabilities: Shorterm borrowings Accounts payable Income taxes payable Accrued compensation and benefits Accrued marketing Other current liabilities 2,191.2 706.8 1,164.8 621.1 638.9 327.0 1,099.0 1 1,390.0 823.7 Total current liabilities Long-term deb Other liabilities Deferred income taxes Total liabilities Stockholders' equity: 726.0 400.9 1,043.1 6,574. 7,442.6 1,342.0 2,00.6 7,367.1 9 $ 4,557.6 7,964.8 1,390.8 1,682.3 7 1$15,595.5 Capital stock, par value $1 per share: authorized 1,800.0 million shares, 14.4 million and 7.4 million shares issued at December 31, 2011 and 2010, respectively Capital in exoess of par value Retained earnings Other comprehensive income loss) $ 14.4 7.4 674.6 5,439.7 879.5 6,541.9 (183.9) Less: Treasury słock, at cost: 64.3 shares in 2011 and 2010 Total stockholders' equity Total liabilities and stockholders' equity 6,338.7 5,355.7 923 05.8 $20,951.2 0 2