Determining the trend percentages

Reference no: EM13956033

Trend Percentages

Big Event Limited's sales, current assets, and current liabilities (all in thousands of dollars) have been reported over the past five years (year 5 is the most recent year):

	Year 5	Year 4	Year 3	Year 2	Year 1
Sales	$11,250	$10,800	$9,900	$9,450	$9,000
Current assets: Cash	$128	$144	$168	$176	$160
Accounts receivable	1,120	992	864	832	800
Inventory	1,792	1,760	1,632	1,728	1,600
Total current assets	$3,040	$2,896	$2,664	$2,736	$2,560
Current liabilities	$780	$636	$648	$660	$600

Required:

1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use year 1 as the base year, and carry computations to one decimal place.

2. Comment on the results of your analysis.

Reference no: EM13956033

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