Question
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
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
Year 1
$ 4,551,130
$ 87,718
$405,020
$807,021
$ 1,299,759
$ 306,602
Year2
$ 4,883,520
$ 104,982
$435,531
$865.834
$ 1,406,347
337,8282
Year 3
$ 4,989,130
$ 91,698
$443,643
$826,632
$ 1,361,973
$334,456
Year 4
$ 5,472,970
$88,401
$514,714
$899,679
$ 1,502,794
$ 324,502
Year 5
$ 5,785,260
$ 80,445
$579,906
$903,361
$ 1,563,712
$ 400,175
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
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
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