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1 Exercise 14-7 Trend Percentages (LO14-1] 14.28 points Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's
1 Exercise 14-7 Trend Percentages (LO14-1] 14.28 points Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer 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: Skipped Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,686,290 $ 92,971 405, 497 819,525 $1,317,993 Year 2 $4,736,750 90,902 420,860 882,457 $1,394,219 eBook Year 3 $5, 136,790 $ 93,910 450,020 824,721 $1,368,651 335,724 Year 4 $5,491,280 $ 73,105 515,454 899,029 $1,487,588 329,830 Year 5 $5,789,320 $ 68,256 569, 704 906,102 $1,544,062 403,570 Print References $ 311,662 331, 301 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 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets: Cash % % % % % Accounts receivable Inventory Total current assets Current liabilities % % % % % % % % % % % % % % % % 1% % %
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