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 Don't use plagiarized sources. Get Your Custom Essay on starkey co s sales current assets an 382960 For $10/Page 0nly | 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. |
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