Exercise 14-7 Trend Percentages [LO14-1]

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:

	Year 1			Year 2			Year 3			Year 4			Year 5
Sales	$	4,544,950		$	4,745,650		$	4,988,620		$	5,562,960		$	5,666,930
Cash	$	90,382		$	89,202		$	102,271		$	82,924		$	78,077
Accounts receivable, net		404,882			429,044			443,744			515,347			578,433
Inventory		801,699			868,480			820,119			894,700			905,070
Total current assets	$	1,296,963		$	1,386,726		$	1,366,134		$	1,492,971		$	1,561,580
Current liabilities	$	316,634		$	341,531		$	331,546		$	333,958		$	394,580

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 (i.e., 0.1234 should be entered as 12.3).)