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Exercise 13-7 Trend Percentages [LO13-1) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current
Exercise 13-7 Trend Percentages [LO13-1) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Sales Year 1 $4,615,580 Year 2 $4,904,550 Year 3 $5,025,860 Year 4 $5,476,610 Year 5 $5,794,260 $ $ $ Cash Accounts receivable, net Inventory 91,307 419,842 814,938 99,865 434,645 874,385 $ 102,177 $ 74,870 4 51,211 498,106 822,562881,662 69,234 573,300 911,825 Total current assets $1,326,087 $1,408,895 $1,375,950 $1,454,638 $1,554,359 Current liabilities $ 310,558 $ 339,454 S 343,955 $ 334,814 S 405,217 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base yoar. (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
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