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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 the
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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4, 637, 850 $ 4,901,590 $ 5,019,130 $ 5,548, 780 $ 5,733, 160 Cash $ 91, 120 $ 96, 853 $ 103,530 $ 82,873 $ 70, 675 Accounts receivable, net 408 , $11 428, 847 433,489 499, 691 578, 292 Inventory 817,397 467, 735 821, 768 893 , 259 901, 064 Total current assets $ 1, 317,328 $ 1, 393, 435 $ 1,358, 787 $ 1, 475, 823 $ 1,550, 031 Current liabilities $ 318, 018 $ 340, 303 $ 339,744 $ 326,428 $ 409, 505 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 (1.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities
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