Question
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,526,680 $ 4,861,380 $ 5,136,530 $ 5,561,490 $ 5,812,610 Cash $ 98,016 $ 106,677 $ 93,596 $ 77,178 $ 71,621 Accounts receivable, net 408,236 431,288 433,457 504,966 567,229 Inventory 804,961 878,120 833,088 883,637 915,761 Total current assets $ 1,311,213 $ 1,416,085 $ 1,360,141 $ 1,465,781 $ 1,554,611 Current liabilities $ 312,645 $ 335,808 $ 325,137 $ 320,140 $ 390,236 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 to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current llabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Required: 1. Express all of the asset, llability, 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).)
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