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 $ 4,610,180 $ 86,321 407,442) 813,376 $ 1,307,139 $305,761 Year 2 $ 4,918,900 $ 90,321 419,713 881,711 $ 1,391,745 $ 349,624 Year 3 $ 5,090,230 $ 86,263 451,353 827,104 $ 1,364,720 $336,493 Year 4 $ 5,489,850 $ 77,720 501,650 896,571 $1,475,941 $333,755 Year 5 $ 5,752,890 $ 69,802 561,034 903,337 $1,534,173 $ 406,747 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 % % % 96
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