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Exercise 14 Rotorua Products. Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales
Exercise 14 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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,679,520 $ 60,425 407.969 814,641 $ 1,303,035 $315,319 Year 2 $ 4,821,860 595,645 435,857 881,308 $ 1,412,813 $ 338,060 Year 3 $ 4,998,990 $ 103,457 440, 198 818,145 $ 1,361,800 $ 342,581 Year 4 $ 5,431,120 $22,321 507.063 883, 457 $ 1,462,841 $319,756 Year 5 $5,723, 710 $ 68,868 560,031 905,017 $ 1,533,916 $ 398, 465 Required: 1. Express all of the asset. llability, 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 Year 4 Years % Sales Current assets Cash Accounts receivable.net Inventory Total current asset Current % %
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