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 $1,800,000 $ 50,000 300,000 600,000 $ 950,000 Year 2 $1,980,000 $ 65,000 345,000 660,000 $1,070,000 $ 440,000 Year 3 $2,070,000 $ 48,000 405,000 690,000 $1,143,000 $ 520,000 Year 4 $2,160,000 $ 40,000 510,000 720,000 $1,270,000 $ 580,000 Year 5 $2,250,000 30,000 570,000 750,000 $1,350,000 $ 640,000 $ 400,000 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).) 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 100.0 % % % % % Current assets: Cash 100.0% % % % % Accounts receivable 100.0% % % % % 100.0 % % % % % Inventory Total current assets % 100.0% % % % % % % 100.0: % Current liabilities