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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 $4,610,420 $ 84,626 409,323 816,133 $1,310,082 $ 308,859 Year 2 Year 3 $ 4,755,160 $5,148,570 $ 103,585 $ 94,783 420, 301 450,531 881,933 820, 643 $1,405,819 $1,365,957 $ 344,963 $ 326,986 Year 4 $5,567,750 $ 85,388 502,927 884,619 $1,472,934 $ 322,937 Year 5 $5,719,620 $ 64,171 569, 137 903,642 $1,536,950 $ 405,586 Current liabilities 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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