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 $ 4,578,880 $ 4,801,620 $ 4,964,690 $ 5,419,040 $ 5,654,680 Cash $ 82,428 $ 104,999 $ 94,860 $ 85,457 $ 80,035 Accounts receivable, net 417,579 429,609 447,453 505,088 565,976 Inventory 801,547 877,941 826,742 895,306 898,694 Total current assets $ 1,301,554 $ 1,412,549 $ 1,369,055 $ 1,485,851 $ 1,544,705 Current liabilities $ 317,357 $ 344,526 $ 327,089 $ 337,579 $ 408,863 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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