Question
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 $ 4,669,230 $ 91,812 412,779 803,349 $ 1,307,940 $ 303,529 Year 2 $ 4,847,410 $ 96,035 427,948 881,105 $ 1,405,088 $ 340,169 Year 3 $ 5,064,180 $ 87,596 433,331 835,934 $ 1,356,861 $ 327,090 Year 4 $ 5,440,000 $ 85,975 499,872 898,606 $ 1,484,453 $330,032 Year 5 $ 5,684,780 $ 70,700 564,360 906,851 $ 1,541,911 $ 403,190 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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