14-7 1.

Exercise 14-7 Trend Percentages (LO14-1) 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: Sales Canh Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,636,020 $ 94,590 403,893 813,948 $1,312,431 $315,923 Year 2 $4,911,300 $ 107,417 433,855 879,759 $1,421,031 $ 338,904 Year 3 $5,016, 940 $ 96,221 436,103 827, 119 $1,359,443 $ 343,798 Year 4 $5,506, 110 $ 85,892 508,557 887,411 $1,481,860 $ 334,039 Year 5 $5,658,960 $ 81,370 565,637 905,000 $1,552,007 397,962 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 (le, 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 % % % % % % % % % %