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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 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. Required: Year 31 Year 4 Year 5 $ 4,642,880 $4,811,630 $5,111,520 $5,448,460 $ 5,798,600 $ 85,000 487,749 800,534 Year 1 Year 2 $107,962 418,990 871,218 $ 84,588 443,873 829,543 $ 300,251 $341,650 $ 343,668 $88,446 585,492 898,949 $ 64,387 577,076 897,518 $ 1,293,283 $1,398,170 $1,358,004 $ 1,484,887 $1,538,981 $ 322,303 $ 395,109 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 % 1% % % % % % % Total current assets % % % % Current liabilities % % % % %
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