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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 have been
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,581,130 $4,918,790 $5,147,950 $5,529,430 $5,783,470 S S S S Cash Accounts receivable, net Inventory 96.951 416,483 814,699 $ 103,032 428,766 868,382 87.684 447,457 833,807 72.925 501,183 880,631 66,948 575,672 913,939 Total current assets $1,328,133 $1,400,180 $1,368,948 $1,454,739 $1,556,559 Current liabilities $ 311,223 S 343,721 S 332,023 S 321,280 S403,629 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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