$1.$ When you use a common size analysis to compare Year $4$ to Year $3$ which of the following is a reasonable conclusion you might draw? The firm liquidated some of its inventory The firm made additional investments in fixed assets Intangibles grew as a percent of assets $2.$ When you compare a common size balance sheet from Year $4$ to Year $3$ which of the following is most accurate? Total liabilities are growing as a percent of total assets LTD is decreasing in importance as a source of financing for the firm Total equity is rising as a percentage of total liabilities and equity