Starkey Company€™s sales, current assets, and current liabilities (all in thousands of dollars) have been reported as follows over the last five years (Year 5 is the most recent year):

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 youranalysis.

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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 S 80 400 800 560 896 496 880 432 816 416 864 Inventory Total current assets $1,520 $1.448 $1,332 $1.368 $1,280 Current liabilities 390 $ 318 324 330 S 300