Question

Exercise 15-10 Trend Percentages [LO1]

Starkey Company’s sales, current assets, and current liabilities(all in thousands of dollars) have been reported as follows overthe last five 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 receivable		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 liabilities	$	390		$	318		$	324		$	330		$	300

Required:
1.	Express all of the asset, liability, and sales data in trendpercentages. Use Year 1 as the base year. (Round youranswers to 1 decimal place. Omit the "%" sign in yourresponse.)

	Year 5	Year 4	Year 3	Year 2	Year 1
Sales	%	%	%	%	%
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Current liabilities