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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 $4,699,130 $ 88,158 401,043 818,327 $1,307,528 $ 311,175 Year 2 $4,826,830 $ 96,522 427,276 867,723 $1,391,521 $ 347,699 Year 3 $5,147,830 $ 88,263 447,332 820,411 $1,356,006 $ 334,836 Year 4 $5,598,860 $ 77,116 515,759 884, 744 $1,477,619 $ 321,608 Year 5 $5,785,870 $ 75,477 574,693 911,919 $1,562,089 $ 405,138 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your per 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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