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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 Year 1 $ 4,617,570 $88,299 410,996 Year 2 $ 4,735,640 $107,329 429,014 811,642 $1,310,937 $318,542 867,477 $1,403,820, $340,288 Year $ 5,046,380 $ 96,205 436,176 832,461 $ 1,364,842 $338,496 Year 4 $ 5,554,450 $ 86,906 506,478 893,341 $1,486,725 $332,849 Year 5 $ 5,636,130 $68,097 576,686 905,799 $1,550,582 $ 401,681 Current liabilities Required: 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).) You Sales 100 0% % % % Current assets Cash 100.0 % % % % % Accounts receivable, net 100.0% % % % % Inventory 100.0 % % % % % Total current assets 100.0 % % % % % Current liabilities 100.0 % % % % %
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