Utica Corporation reported the following financial information:
$$\begin{array} { l c c c }
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$
a.What is the trend percentage for cash in 2014 with 2012 as the base year?
b.What is the trend percentage for inventory in 2014 with 2012 as the base year?

Question

Utica Corporation reported the following financial information:
 $$\begin{array} { l c c c } 
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$ 
a.What is the trend percentage for cash in 2014 with 2012 as the base year?
b.What is the trend percentage for inventory in 2014 with 2012 as the base year?

Quizplus · Accepted Answer

The Answer of Utica Corporation reported the following financial information:
 $$\begin{array} { l c c c } 
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$ 
a.What is the trend percentage for cash in 2014 with 2012 as the base year?
b.What is the trend percentage for inventory in 2014 with 2012 as the base year?

Utica Corporation Reported the Following Financial Information AWhat Is the Trend Percentage for Cash in 2014 with c