Question
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys 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 $ 4,542,530 $ 4,901,970 $ 4,977,570 $ 5,493,790 $ 5,782,860 Cash $ 97,466 $ 102,586 $ 95,275 $ 80,700 $ 80,181 Accounts receivable, net 411,509 435,095 450,653 507,575 572,827 Inventory 810,184 869,435 827,893 880,974 912,246 Total current assets $ 1,319,159 $ 1,407,116 $ 1,373,821 $ 1,469,249 $ 1,565,254 Current liabilities $ 311,603 $ 345,710 $ 337,741 $ 327,792 $ 392,884 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).)
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