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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 (Year

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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 (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 Year 2 Year 3 Year 4 Year 5 $ 4,665,510 $ 4,875,870 $ 5,103,880 $ 5,591,680 $ 5,740,650 $ 89,868 $ 95, 734 $ 84,692 $ 86, 433 $ 71,340 414, 375 419,640 433, 382 515,945 562,882 807, 157 883,082 828,682 886,080 903,706 $ 1,311,400 $ 1,398,456 $ 1,346,756 $ 1,488, 458 $ 1,537,928 $ 318,172 $ 330,552 $ 325,873 $ 337, 470 $ 408,712 Required: 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 % % % % % % % % % % % % % % % % % % % % % % % % % %

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