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Please show steps for work! Thank you Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current
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Rotorua Products, Limited, 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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 100.0% % % % % % Year 1 $ 4,664,430 $ 87,396 404,517 814,394 $ 1,306, 307 $ 313,581 Year 2 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 2 $ 4,889,310 $91,590 429,403 867,390 $ 1,388,383 $ 336,603 Year 3 % % % % % % Year 3 $ 4,954,660 Year 4 $ 102,653 449,032 828,543 $ 1,380,228 $ 337,999 % % % % % % Year 4 $ 5,525,350 $ 88,094 498,772 891, 143 $ 1,478,009 $ 322,242 Year 5 % Year 5 $ 5,806,180 $ 66,402 578,651 905, 121 $ 1,550,174 $ 400,052 % % % % %Step by Step Solution
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