Solution-Sales data in trend percentages

Sales data in trend percentages

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Reference no: EM13515147

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:
Cash
Accounts Rec
Inventory
Total Current Assets
Current Liab.

Reference no: EM13515147

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Sales data in trend percentages

Reference no: EM13515147

Reference no: EM13515147

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