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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 Year 1 $ 4,532,170 Year 2 Accounts receivable, net Inventory Total current assets $ 99,551 416,117 819,587 $ 1,335,255 $ 4,911,410 Year 3 $ 5,045,360 $ 95,608 432,508 874,709 $ 90,938 437,576 831,424 $ 1,402,825 $ 1,359,938 $ 307,050 $ 330,214 $ 324,544 Year 4 $ 5,431,760 $ 83,778 515,598 881,880 $ 1,481,256 $ 331,720 Year 5 $ 5,793,270 $ 80,735 575,351 899,666 $ 1,555,752 $ 403,895 Current liabilities 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).) 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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