Starkey Cos Sales, current assets, and current liabilities (all In thousands of dollars) have been reported as follows over the last 5 years (Year 5 is the most recent year):
|
Year 5 |
Year 4 |
Year 3 |
Year 2 |
Year 1 |
|
|
Sales |
$5,625 |
$5,400 |
$4,950 |
$4,725 |
$4,500 |
|
Current Assets: |
|||||
|
Cash |
64 |
72 |
84 |
88 |
80 |
|
Accounts Rec |
560 |
496 |
432 |
416 |
400 |
|
Inventory |
896 |
880 |
816 |
864 |
800 |
|
Total Current Assets |
$1,520 |
$1,448 |
$1,332 |
$1,368 |
$1,280 |
|
Current Liab. |
390 |
318 |
324 |
330 |
300 |
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
|
Year 5 |
Year 4 |
Year 3 |
Year 2 |
Year 1 |
|
|
Sales |
% |
% |
% |
% |
% |
|
Current Assets: |
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|
Cash |
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|
Accounts Rec |
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|
Inventory |
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|
Total Current Assets |
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|
Current Liab. |