Exercise 16-7 (Algo) Trend Percentages [LO16-1]

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	$	4,618,390		$	4,747,130		$	5,128,900		$	5,416,950		$	5,806,340
Cash	$	87,872		$	96,395		$	95,011		$	88,951		$	65,334
Accounts receivable, net		410,043			420,008			446,362			502,393			571,690
Inventory		802,268			864,187			826,147			882,726			911,024
Total current assets	$	1,300,183		$	1,380,590		$	1,367,520		$	1,474,070		$	1,548,048
Current liabilities	$	315,545		$	343,806		$	342,780		$	323,714		$	396,947

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, net		%		%		%		%		%
Inventory		%		%		%		%		%
Total current assets		%		%		%		%		%
Current liabilities		%		%		%		%		%