Gretchen’s sales, current assets and current liabilities (all in thousands of pesos) have been reported as follows over the last four years (Year 4 is the most recent year): Year 4 Year 3 Year 2 Year 1 Sales P5,400 P4,950 P4,725 P4,500 Current assets 1,448 1,332 1,368 1,280 Current liabilities 318 324 330 300 Express all of the assets, liabilities and sales data in trend percentages (show percentages in each item). Use year 1 as the base year and carry computations to one decimal place.
Gretchen’s sales, current assets and current liabilities (all in thousands of pesos) have been reported as follows over the last four years (Year 4 is the most recent year):
Year 4 Year 3 Year 2 Year 1
Sales P5,400 P4,950 P4,725 P4,500
Current assets 1,448 1,332 1,368 1,280
Current liabilities 318 324 330 300
Express all of the assets, liabilities and sales data in trend percentages (show percentages in each item). Use year 1 as the base year and carry computations to one decimal place.
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