Vishnu current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesSalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1%%%%%%Year 1$ 4,516,460$ 86,494406,053810,660$ 1,303,207$ 317,307Year 2Required:1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answersto 1 decimal place (i.e., 0.1234 should be entered as 12.3).)%%%%%%Year 2$ 4,831,880$100,091429,437877,627$1,407,155$ 332,736Year 3%%%%%%Year 3$ 5,034,860Year 4$ 86,908449,046829,236$1,365,190$327,913%%%%%%Year 4$ 5,438,560Year 5$ 87,184503,934882,098$1,473,216$ 332,432%Year 5$ 5,735,450$78,096563,427913,556$ 1,555,079$ 409,564%%%%%

Comparative financial statements are used to compare two or more years to understand the financial…

current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 $ 4,516,460 $ 86,494 406,053 810,660 $ 1,303,207 $317,307 Year 3 $5,034,860 $ 86,908 449,046 829,236 $ 1,365,190 $ 327,913 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities. Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % 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 2 % % % % % % Year 2 $ 4,831,880 $100,091 429,437 877,627 $ 1,407,155 $ 332,736 Year 3 % % % % % % Year 4 % % % % % % Year 4 $ 5,438,560 Year 5 $ 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 4