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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 1 Year 2 801,158 424,917 869,644 Year 5 $ 4,517,340 $ 4,898,730 $5,042,870 $5,558,470 $5,674,410 $ 97,203 $ 104,959 $ 89,076 $ 79,531 406,751 514,387 579,407 889,870 905,552 Year 3 Year 4 $ 91,961 450,854 829,975 $ 1,305,112 $ 1,399,520 $ 1,372,790 $1,493,333 $1,564,490 $ 312,432 $ 341,466 $ 331,742 $ 324,402 $ 397,413 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % Accounts receivable, net Inventory % % % % % % % % % Total current assets % % % % % Current liabilities i 56 % % % %
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