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Exercise 14-7 Trend Percentages (LO14-1) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current

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Exercise 14-7 Trend Percentages (LO14-1) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Year 1 $4,610,910 91,443 411,953 800,540 $1,303,936 Year 2 $4,868,050 $ 100,793 428,494 880,794 $1.410.081 Year 3 $5,134,630 $ 95,521 450,097 826,709 1.372.327 $ 336,894 Year 4 $5,487,570 $ 84,308 501.916 898,565 $1.484,789 Year 5 $5,716,450 $ 80,034 560.468 907,996 $1,548,498 Total current assets Current liabilities $ 309,726 $ 349,903 $ 323.471 $ 392.585 Required: 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 tl.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year Year 5 Sales Current assets Accounts receivable Inventory Total current assets Current lates

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