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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 have been
Rotorua Products Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (year 5 is the most recent): Year 5 Year 4 Year 3 Sales SNZ 2,220,000 $NZ 2,035,000 $NZ 2,220,000 Year 2 $NZ 2,035,000 Year 1 $NZ 1,850,000 Cash $NZ 44,100 $NZ 56,700) $NZ 61,740 SNZ Accounts receivable, net Inventory 503,200 444,000 414,400 88,200 340,400 $NZ 63,000 296,000 778,700 778,700 778,700 599,000 599,000 Total current assets $NZ 1,326,000 $NZ Current liabilities. $NZ 1,279,400 612,800 $NZ 536,200 SNZ 536,200 $NZ SNZ 1,754,840 SNZ 1,027,600 SNZ 958,000 383,000 $NZ 383,000 $NZ stands for New Zealand dollars. Required: 1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use year 1 as the base year. (Round your answers to 1 decimal place.) Sales Cash Accounts receivable Inventory Total current assets Current liabilities Year 5 Year 4 Year 3 Year 2 Year 1
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