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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 $ 4,517,200 Year 2 $ 4,766,590 $ 93,873 431,672 866,550 $ 87,763 411,747 816,566 $ 1,316,076 $ 1,392,095 $ 306,169 $ 340,970 Year 3 $ 4,985,870 $ 96,063 435,386 835,017 $ 1,366,466 $ 339,139 Year 4 $ 5,551,830 $ 75,219 515,863 892,261 $ 1,483,343 $ 318,623 Year 5 $ 5,650,370 $ 79,425 569,517 912,846 $ 1,561,788 $ 408,554 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 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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