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
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 $ 4,589,420 Year 2 $ 4,861,180 $ 87,158 408,097 Year 3 $ 5,112,420 $103,319 445,501 820,854 810,149 $ 104,327 425,444 883,021 $ 1,369,674 $ 1,305,404 $ 1,412,792 $ 302,959 $343,389 $ 326,024 Year 4 $ 5,526,840 $ 75,899 506,294 883,415 $ 1,465,608 $334,709 Year 5 $ 5,811,510 $ 67,943 578,516 899,752 $ 1,546,211 $ 397,655 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 % % % % %
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