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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 Year 1 $4,636,560 Year 2 $ 4,765,290 Year 3 $5,005,430 Year 4 $5,439,220 Year 5 $5,641,340 Cash $ Accounts receivable, net Inventory Total current assets 92,833 400,856 806,982 $1,300,671 $ 93,526 $ 100,010 $ 82,428 $ 418,252 881,418 $1,393,196 432,558 503,537 70,879 578,797 820,125 $1,352,693 885,893 $1,471,858 902,181 $1,551,857 Current liabilities $ 319,634 $ 338,094 $ 337,212 $ 336,884 $ 401,420 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 % % % % % XXXXX % % % % %
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