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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 Cashi Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,665,140 $ 86,919 407,031 813,511 $ 1,307,461 $308,294 Year 2 $ 4,746,900 Year 3 $ 5,031,770 $ 102,821 435,345 879,376 $ 1,417,542 $341,067 $94,506 430,524 827,661 $1,360,691 $ 328,507 Year 4 $ 5,509,760 $ 77,597 497,852 887,136 $ 1,462,585 $331,449 Year 5 $ 5,704,720 $78,128 565,989 914,643 $ 1,558,760 397,338 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 41 Year 5 Sales % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % Total current assets % % % % % Current liabilities % 96 % %
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