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Kotorua 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
Kotorua 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 4 Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,640,690 Year 2 $4,783,490 Year 3 $4,967,520 Year 4 $5,511,280 Year 5 $5,665,460 $ 83,995 $ 105,198 415,347 $ 100,739 $ 76,963 $ 74,860 418,766 819,300 $1,318,642 882,365 $1,406,329 434,741 829,594 $1,365,074 510,266 567,309 897,047 902,235 $1,484,276 $1,544,404 $ 301,532 $331,243 $ 338,025 $ 320,228 $ 398,895 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % Current assets Cash % % % Accounts receivable % % % % Inventory 96 % % Total current assets % % Current liabilities
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