current assets, current liabilities, and sales over the last five years (Year 5 is the most...

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current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,516,460 $ 86,494 406,053 810,660 Year 2 $ 4,831,880 $ 100,091 429,437 877,627 $ 1,303,207 $ 1,407,155 $ 317,307 $ 332,736 Year 3 $ 5,034,860 $ 86,908 449,046 829,236 $ 1,365,190 $ 327,913 Year 4 $ 5,438,560 $ 87,184 503,934 882,098 $ 1,473,216 $ 332,432 Year 5 $ 5,735,450 $ 78,096 563,427 913,556 $ 1,555,079 $ 409,564 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Sales Current assets: % % % % % % % Cash % % % Accounts receivable, net % % % % % Inventory % % % % % % Total current assets % % % % Current liabilities current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,516,460 $ 86,494 406,053 810,660 Year 2 $ 4,831,880 $ 100,091 429,437 877,627 $ 1,303,207 $ 1,407,155 $ 317,307 $ 332,736 Year 3 $ 5,034,860 $ 86,908 449,046 829,236 $ 1,365,190 $ 327,913 Year 4 $ 5,438,560 $ 87,184 503,934 882,098 $ 1,473,216 $ 332,432 Year 5 $ 5,735,450 $ 78,096 563,427 913,556 $ 1,555,079 $ 409,564 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Sales Current assets: % % % % % % % Cash % % % Accounts receivable, net % % % % % Inventory % % % % % % Total current assets % % % % Current liabilities

Answer rating: 100% (QA)

To calculate the trend percentages for the asset liability and sales data we will use Year 1 as the ... View the full answer