what is a balance sheet and how does it relate to percentage changes 
a balance sheet is a financial statement that companies use to report assets liabilities and shareholder equity balance sheets provide a snapshot of a company s finances for a specific period of time such as a quarter or a fiscal year 4many companies choose to analyze their balance sheet by examining the percentage change in specific account balances from one period to the next for example a company can check its immediate liquidity trend by seeing the percentage change in cash on hand across the last several years 