Big Event Limited's sales, current assets, and current liabilities (all in thousands of dollars) have been reported

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Big Event Limited's sales, current assets, and current liabilities (all in thousands of dollars) have been reported over the past five years (year 5 is the most recent year):

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

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 your analysis?

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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-1259024900

10th Canadian edition

Authors: Ray Garrison, Theresa Libby, Alan Webb

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