Trend percentages year 1 to be taken for getting the answer. Year 1Year 2Year 3Year 4Year 5Sales$ 4,625,370 $ 4,764,460 $ 5,130,760 $ 5,456,550 $ 5,735,260$ 86,824406,629819,170$ 84,918 $ 79,790 $ 77,971570,061912,215CashAccounts receivable, net428,795446,713831,348500,940Inventory865,429887,176Total current assets$ 1,312,623 $ 1,393,889 $ 1,362,979 $ 1,467,906 $ 1,560,247Current liabilities$ 310,884 $ 33,797 $ 325,392 $ 328,830 $ 396,587

Formula: Year 2 trend percentages = Year 2 values / Year 1 values

Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,625,370 $ 4,764,460 $ 5,130,760 $ 5,456,550 $ 5,735,260 $ 99,665 $ 84,918 $ 79,790 $ 77,971 446,713 500,940 Cash Accounts receivable, net Inventory 406, 629 819,170 428,795 865, 429 570,061 912,215 831,348 887,176

Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,625,370 $ 4,764,460 $ 5,130,760 $ 5,456,550 $ 5,735,260 $ 99,665 $ 84,918 $ 79,790 $ 77,971 446,713 500,940 Cash Accounts receivable, net Inventory 406, 629 819,170 428,795 865, 429 570,061 912,215 831,348 887,176

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Trend percentages year 1 to be taken for getting the answer.

Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$ 4,625,370 $ 4,764,460 $ 5,130,760 $ 5,456,550 $ 5,735,260
$ 86,824
406,629
819,170
$ 84,918 $ 79,790 $ 77,971
570,061
912,215
Cash
Accounts receivable, net
428,795
446,713
831,348
500,940
Inventory
865,429
887,176
Total current assets
$ 1,312,623 $ 1,393,889 $ 1,362,979 $ 1,467,906 $ 1,560,247
Current liabilities
$ 310,884 $ 33,797 $ 325,392 $ 328,830 $ 396,587

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