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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 $4,599,760 $ 102,691 435,074 864,682 $ 90,227 450,702 817,936 Year 2 $ 4,883,250 Year 3 $ 5,032,670 $ 84,739 406,912 818,840 $ 1,310,491 $ 304,114 $ 331,261 $ 343,342 $ 1,402,447 $ 1,358,865 Year 4 $ 5,557,090 $ 78,521 501,649 898,003 $ 1,478,173 $ 327,847 Year 5 $ 5,824,700 $ 76,850 574,119 915,986 $ 1,566,955 $ 400,437 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 % % 96 96 96 Sales Current assets: Cash % % 96 96 96 Accounts receivable, net % % % 96 96 Inventory % % % % 96 Total current assets % % 96 96 96 Current liabilities % %6 96 96 96
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