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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 $ 1,800,000 $ 1,980,000 $ 2,070,000 $ 2,160,000 $ 2,250,000 Cash $ 50,000 $ 65,000 $ 48,000 $ 40,000 $ 30,000 Accounts receivable, net 300,000 345,000 405,000 510,000 570,000 Inventory 600,000 660,000 690,000 720,000 750,000 Total current assets $ 950,000 $ 1,070,000 $ 1,143,000 $ 1,270,000 $ 1,350,000 Current liabilities $ 400,000 $ 440,000 $ 520,000 $ 580,000 $ 640,000 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Yea
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