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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 Year 1 $ 4,630, 870 $ 83,573 404,893 815,185 $ 1,303,651 $ 301,007 Year 2 $ 4,921,530 $ 98,404 426,475 883,227 $1,408,106 Year 3 $5,066,840 $ 99,570 441, 740 829,538 $1,370, 848 Year 4 $5,534,670 $ 77,486 499,583 891,815 $1,468,884 Year 5 $5,808, 290 $ 66,780 572,021 910,111 $ 1,548,912 Current liabilities $ 334,153 $ 330,878 $ 328,745 $ 399,840 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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