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Please show workings! Thank you :) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets,
Please show workings! Thank you :)
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 $4,544,470 Year 2 $4,747,800 Year 3 $5,083,840 Year 4 $5,472,500 Year 5 $5,712,650 Sales Cash $ $ $ $ $ 94,867 414,920 809,597 92,764 434,035 866,523 99,786 4 45,533 817,511 84,273 496,674 883,127 64,162 575,860 897,672 Inventory Total current assets $1,319,384 $1,393,322 $1,362,830 $1,464,074 $1,537,694 Current liabilities $ 319,268 $ 333,880 $ 341,375 $ 319,085 $ 394,074 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 Inventory Total current assets Current liabilitiesStep by Step Solution
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