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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
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: Year 3 $5,036,590 $5,470,830 $5,758,520 $4,866,960 $ 90,872 422.245 5 $4,506, 280 $ 34,947 401.024 808 298 100,379 450, 422 76,626 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities 67,579 571 245 $1.294,269 $1,394,016 $1,372,638 $1,560, 559 338.429 337.02 4825 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable Inventory Total current assets Current liabilities
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