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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 $ 4,551,480 $ 89,305 409,817 809, 498 $ 1,308,620 $314,764 Year 2 $ 4,911,810 $106,543 420,555 867,318 $ 1,394,416 $341,782 Year 3 $ 4,993,630 $ 98,032 442, 819 831,517 $ 1,372,368 $ 334,675 Year 4 $ 5,557,170 $ 73,612 497,423 893, 188 $ 1,464,223 $ 333,722 Year 5 $ 5,696,970 $ 77,864 577,641 903, 350 $ 1,558,855 $ 397,200 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 " 96 96 $6 "6 Current assets Cash " 96 " " Accounts receivable, net i " 96 M M Inventory " 96 " "6 Total current assets 96 16 16 16 Current liabilities " 96 "
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