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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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 Year 2 Year 3 Year 4 Year 5 $ 4,585,960 $ 4,806,010 $ 5,070,900 $ 5,549,320 $ 5,802,440 $ 90,240 $ 107,593 $ 100,013 $ 89,595 $ 68,567 405,690 429, 715 435,715 506,511 578,517 819,610 878,272 823,279 894,696 906,845 $ 1,315,540 $ 1,415,580 $ 1,359,007 $ 1,490,802 $ 1,553,929 $ 306,630 $ 347,912 $ 328,540 $ 331,668 $ 401,490 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).) 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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