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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
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 Required: Year 2 $ 4,734,220 Year 1 $ 4,598,890 $ 83,396 415,954 814,485 $ 93,630 435,435 880,760 $ 1,313,835 $ 1,409,825 $ 318,845 $ 330,268 Year 3 $ 5,081,150 $ 96,528 439,974 833,318 $ 1,369,820 $ 340,005 Year 4 $ 5,403,000 $ 76,876 499,137 898,111 $ 1,474,124 $ 333,694 Year 5 $ 5,749,640 $ 74,236 561,785 905,007 $ 1,541,028 $ 393,032 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 % % % % %
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