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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 $4,656,860 $ 97,077 417,582 818,669 $1,333,328 $ 304,483 Year 2 Year 3 $ 4,865,710 $5, 145, 540 $ 105,604 $ 88,795 416,966 433,875 873,448 817,852 $1,396,018 $1,340,522 $ 343,397 $ 328,937 Year 4 $5,465,850 $ 74,535 515,002 881,864 $1,471,401 $ 327,196 Year 5 $5,736,840 $ 65,003 579,251 907,706 $1,551,960 $ 398,869 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, net Inventory Total current assets Current liabilities % % % % % % % % % % % % % % %
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