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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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,532,830 Year 5 $5,814,550 Year 2 $4,917,850 Year 3 $5,068,380 Year 4 $5,495,500 $ 90,460 415,451 000,597 $1,306,816 $317,739 $ 101,061 410,881 877,148 $1,397,090 $338,735 $93,374 887,273 $1,488,741 447,277 819,729 $1,360,380 $ 85,555 $ 82,519 515,913 567,210 913,419 $1,563,148 $ 326,134 $322,527 $409,049 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 5 < Prev 7 of 9 Next > Check my wor
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