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Exercise 14-7 (Algo) Trend Percentages (LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets,
Exercise 14-7 (Algo) Trend Percentages (LO14-1] 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 3 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities: Required: Year 1 $ 4,618,790 $85,335 401,140 11,038 Year 2 $ 4,832,030 $103,993 420,049 874,974 $ 5,071,070 $93,426 449,797 Year 4 55,522,540 $84,204 499,497 Year 5 $5,752,500 $1,297,521 $1,399,016 824,845 51,368,060 884,609 $1,468,310 $19,209 569,427 906,191 $ 1,554,827 $307,373 $348,087 $335,314 $329,076 $ 400,3181 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).) Sales Year 1 Year 2 Year 3 Year 4 Year $ % % % % Current assets: + Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % % Che
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