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Warm Sheep Inc. of New Zealand markets woolen products for the burgeoning Asian consumer market. The company's current assets, current liabilities and sales have been
Warm Sheep Inc. of New Zealand markets woolen products for the burgeoning Asian consumer market. The company's current assets, current liabilities and sales have been reported as follows over the last five years (year 5 is the most recent): Year 5 Year 4 Year 3 Year 2 Year 1 Sales $NZ 2,312,500 * $NZ 2,405,000 $NZ 2,220,000 $NZ 2,035,000 $NZ 1,850,000 Cash $NZ 43,400 $NZ 55,800 $NZ 60,760 $NZ 80,600 $NZ 62,000 Accounts receivable, net 626,000 500,800 406,900 375,600 313,000 Inventory 726,000 726,000 726,000 726,000 605,000 Total current assets $NZ 1,395,400 $NZ 1,282,600 $NZ 1,193,660 $NZ 1,182,200 $NZ 980,000 Current liabilities $NZ 564,200 $NZ 544,050 $NZ 564,200 $NZ 483,600 $NZ 403,000 *$NZ stands for New Zealand dollars. 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. (Round your answers to 1 decimal place.)
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