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Rotorua Products, Ltd., 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, Ltd., 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 $4,591,990 $ 86,008 400,909 815,224 $1,302,141 $ 312,322 Year 2 $4,765,850 $ 107,408 421,932 867,267 $1,396,607 $ 337,860 Year 3 $5,106,990 $ 89,880 432,783 821,781 $1,344,444 $ 336,758 Year 4 $5,431,360 $ 78,535 513,458 880,472 $1,472,465 $ 336,340 Year 5 $5,663,500 $ 79,715 571,176 912,685 $1,563,576 $ 396,690 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 Inventory Total current assets Current liabilities
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