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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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,583,210 Year 2 $ 4,858,500 $ 88,520 428,546 875,590 $ 86,063 400,833 800,424 $ 1,287,320 $ 1,392,656 $ 300,511 $ 348,904 Year 3 $ 5,097,290 $ 88,318 439,128 817,816 $ 1,345,262 $ 335,263 Year 4 $ 5,579,350 $ 75,977 502,780 896,424 $ 1,475,181 $ 331,190 Year 5 $ 5,647,750 $ 73,173 572,174 901,448 $ 1,546,795 $ 393,576 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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