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	$	4,525,340		$	4,894,120		$	4,996,240		$	5,574,370		$	5,757,370
Cash	$	94,703		$	96,927		$	85,314		$	85,441		$	67,595
Accounts receivable, net		411,827			427,154			449,393			507,269			566,487
Inventory		801,849			865,201			823,211			892,383			900,154
Total current assets	$	1,308,379		$	1,389,282		$	1,357,918		$	1,485,093		$	1,534,236
Current liabilities	$	314,752		$	348,403		$	330,063		$	330,810		$	399,140

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).)