$1$

Check my work

$3$

Exercise $14-7($Algo$)$ Trend Percentages $[$LO$14-1]$

$2\mathrm{.}5$

points

Skipped

References

Rotorua Products sells agricultural products in the burgeoning Asian market. The company's current assets, current liabilities, and sales over the last five years $($Year $5$ is the most recent year$)$ are as follows:

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Sales$,$$$4,584,780,$$$4,751,950,$$$5,086,120,$$$5,408,790,$$$5,637,260],[$Cash$,$$$91,729,$$$105,067,$$$97,989,$$$77,373,$$$76,148],[$Accounts receivable, net,$418,221,420,514,433,174,509,936,574,306],[$Inventory$,806,606,874,632,833,081,894,649,912,052],[$Total current assets,$$1,316,556,$$$1,400,213,$$$1,364,244,$$$1,481,958,$$$1,562,506],[$Current liabilities,$$309,029,$$$332,714,$$$332,859,$$$327,807,$$$407,205]]$

Required:

Express all of the asset, liability, and sales data in trend percentages. Use Year $1$ as the base year.

Note: Round your percentage answers to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5,],[$Sales$,\%,\%,\%,\%,,\%],[$Current assets:$],[$Cash$,\%,\%,\%,\%,,\%],[$Accounts receivable, net,$\%,\%,\%,\%,,\%],[$Inventory$,\%,\%,\%,\%,,\%],[$Total current assets,$\%,\%,\%,\%,,\%],[$Current liabilities,$\%,\%,\%,\%,,\%]]$