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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 $4,649,550 $ 86,953 417,492 817,539 $1,321,984 $ 316,817 Year 2 $4,773,910 $ 102,505 433,807 880,851 $1,417,163 $ 343,865 Year 3 $4,965, 470 $ 85,627 442,073 816,439 $1,344,139 $ 330,580 Year 4 $5,496,520 $ 82,575 506,383 894,318 $1,483,276 $ 323,641 Year 5 $5,728,080 $ 75,160 563,931 903, 357 $1,542,448 $ 395,581 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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