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Schmidt Inc. markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years
Schmidt Inc. markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 Year 2 Year 31 Year 4 Year 5 800,537 $ 4,599,400 $4,798,860 $5,104,900 $5,434,140 $5,668,060 $ 98,635 $ 97,577 $ 86,999 $ 82,080 $ 80,267 401,932 419,609 449,677 500,843 560, 193. 881,362 832,037 881,076 896,386 $ 1,301,104 $1,398,548 $1,368,713 $1,463,999 $1,536,846 $314,404 $336,761 $ 332,304 $ 324,786 $ 409,049 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % Current assets: Cash % % % % Accounts receivable, net % % % % % Inventory % % % Total current assets % % % Current liabilities % %
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