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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 llabilities, and sales over
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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,685,320 Year 2 $ 4,736,100 Year 3 $ 5,097,880 $ 82,499 408,416 816,436 $100,207 431,107 867,670 $ 1,307,351 $316,497 $ 1,398,984 $333,799 $ 89,885 435,540 827,394 $ 1,352,819 $ 342,951 Year 4 $ 5,439,080 $ 77,259 $10,244 881,986 $ 1,469,389 $ 327,826 Year 5 $ 5,711,610 $ 80,267 563,544 905,234 $ 1,549,045 $ 398,472 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 (l.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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