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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
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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,665,020 Year 2 $ 4,914,550 $88,006 416,723 815,304 $1,320,033 $306,922 $ 88,704 431,451 874,235 $ 1,394,390 $ 345,400 Year 3 $ 5,076,440 $ 90,385 432,156 823,454 $ 1,345,995 Year 4 $ 5,420,790 $82,758 501,198 897,827 $1,481,783 $340,888 $ 326,470 Year 5 $ 5,638,660 $ 81,478 572,716 902,670 $1,556,864 $ 392,770 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 Current assets Cash Accounts receivable, net Year 1 Year 2 % % Year 3 %6 Year 4 Year 5 % % % Stat
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