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.
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Year 5
|
Year 4
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Year 3
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Year 2
|
Year 1
|
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Sales
|
%
|
%
|
%
|
%
|
%
|
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Current Assets:
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Cash
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|
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Accounts Rec
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Inventory
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Total Current Assets
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Current Liab.
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