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Accounting HW! Please help! due soon, thx Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current
Accounting HW! Please help! due soon, thx
Rotorua Products, Limited, 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: Year 4 Sales Year 1 $4,518,480 $ 93,647 408,583 800,154 Cash Year 2 $4,766,870 96,966 A 433,626 870,079 $1,400,571 $347,812 Year 3 $5,148,320 $ 94,167 451,204 916,597 $ 5,521,130 $77,758 515,990 994,324 Year 5 $5,630,790 $71,977 573,693 902,858 Accounts receivable, net Inventory Total current assets $ 1,548,528 $1,302,304 $306,510 $1,363,968 $ 341,647 $ 1,488,072 $ 329,523 Current liabilities $ 406,203 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 (l.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 5 Year 4 % Sales Current assets Cash % % Accounts receivable, net Inventory % Total current assets % Current liabilities 96 % % % % % % % % % % % % % % % % N % Step by Step Solution
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