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please help Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales
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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 $4,616,980 82,988 411,845 818,441 $1,313,194 $ 394,268 Year 2 $4,872,490 $ 89,832 423,719 871,555 $1,385, 106 5 333,085 Year 3 $5,004, 180 $ 94,581 449,333 817,490 $1,361,404 $ 327,958 Year 4 Year 5 $5,575,090 $5,700,778 $ 75,625 $ 78,707 505, 118 576, 133 880,209 905,083 $1,460,952 $1,551,923 $ 328,688 $ 396,271 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 (1.01234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Sales Current assets: Cash Accounts receivable Inventory Total current assets Current abilities % % % % $ X % % Step by Step Solution
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