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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 $ 4,672,720 Year 2 $ 4,840,450 $ 80,573 408,745 815,188 $ 1,304,506 $ 308,424 $ 106,517 432,633 882,900 $1,422,050 $340,891 Year 3 $ 5,084,920 $ 95,187 439,817 832,115 $ 1,367,119 Year 4 $ 5,486,900 $ 87,733 506,924 886,371 $1,481,028 $339,574 $ 336,449 Year 5 $ 5,777,120 $ 78,538 561,885 906,205 $1,546,628 $ 390,656 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 11 Year 2 Year 3 Year 4 Year 5 Sales % % % % % Current assets: Cash % % % % % Accounts receivable, net %6 % % % % Inventory % % % %6 Total current assets % % % % % Current liabilne % % % %
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