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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: Year 2 Year 3 Year 1 Year 4 Year 5 $4,634,910 $4,847,620 $5,061,210 $5,401,510 $5,671,890 Sales 79,826 498,337 890,287 Cash S 87,112 93,265 91,658 80,171 562,470 899,415 Accounts receivable, net Inventory 412,382 813,589 417,036 867,990 $1,378,291 437,130 818,924 $1,313,083 $1,347,712 $1,468,450 $1,542,056 Total current assets 301,621 348,251 324,316 394,131 Current liabilities 327,731 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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