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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 Accounts receivable, net Inventory Total current assets : Current liabilities Required: Year 1 $ 4,620,430 $ 87,808 408,147 806, 318 Year 2 $ 4,770,800 Year 4 $ 5,455,380 $ 73,573 Year 3 $ 5,031,440 $ 106,959 430,274 872,927 $ 1,410,160 $ 103,661 438,369 823,654 $ 1,365,684 $ 308,118 - $349,761 $336,140 $ 321,974 $ 1,302,273 502,816 896,507 $1,472,896 Year 5 $ 5,823,510 $ 70,907 568,970 901,045 $ 1,540,922 $ 404,644 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).) Answer is complete but not entirely correct. Year 1 Year 2 Sales 100.0% 100.0% Year 3 100.0% Year 4- 100.0% Year 5 100.0% Current assets: Cash 1.9% 220% 2.0% Accounts receivable, net 8.8% 9.0% 8.7% 1.30 % 92.2% 120 % 9.8% Inventory 17.5% 18.3% 16.4% 16.4% 15.5% Total current assets 28.2 % 29.6% 27.1% 27.0% 26.4% Current liabilities 6.7% 7.30% 6.7% 5.9% 6.9%
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