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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 $ 4,697,040 $ 4,900,570 $ 5,048,430 $ 5,555,110 $ 5,642,420
Cash $ 98,158 $ 107,631 $ 86,085 $ 77,200 $ 66,437
Accounts receivable, net 412,027 431,244 432,656 501,796 578,011
Inventory 810,562 873,822 834,340 892,442 915,531
Total current assets $ 1,320,747 $ 1,412,697 $ 1,353,081 $ 1,471,438 $ 1,559,979
Current liabilities $ 303,150 $ 349,164 $ 330,605 $ 329,868 $ 395,957

Required:

1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.

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 $ 4,697,040 $ 4,900,570 $ 5,048,430 $ 5,555,110 $ 5,642,420
Cash $ 98,158 $ 107,631 $ 86,085 $ 77,200 $ 66,437
Accounts receivable, net 412,027 431,244 432,656 501,796 578,011
Inventory 810,562 873,822 834,340 892,442 915,531
Total current assets $ 1,320,747 $ 1,412,697 $ 1,353,081 $ 1,471,438 $ 1,559,979
Current liabilities $ 303,150 $ 349,164 $ 330,605 $ 329,868 $ 395,957

Required:

1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.

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