Question: Use the information in Exhibit 1 . 7 to answer the following: 1 . Did total assets increase or decrease from 2 0 2 0

Use the information in Exhibit 1.7 to answer the following:
1. Did total assets increase or decrease from 2020 to 2021?
Total assets
from $fill in the blank 2
million on June 30,2020, to $fill in the blank 3
million on June 30,2021.
2. By dollar amount, which asset experienced the largest increase, and which asset experienced the largest decrease?
experienced the largest increase, and
experienced the largest decrease.
3. Does Clorox finance its assets with a greater proportion of liabilities or stockholders' equity?
, Clorox
its assets with a much
proportion of liabilities than stockholders' equity as of June 30,2021. Liabilities were also the much
proportion of financing at the end of fiscal 2020.
4. Did liabilities increase or decrease during 2021?
5. Did stockholders' equity increase or decrease during 2021?

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