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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): Sales Year 1 Year 2 Year 3 Year 4 Year 5 $4,610,930 $4,852,180 $4,967,090 $5,489,610 $5,687,050 $ $ Cash Accounts receivable, net Inventory 83,541 $ 102,082 $ 101,096 $ 74,751 411,191 431,085 449,038 514,813 809,762 868,190 834,683 897,423 71,284 563,036 907,432 Total current assets $1,304,494 $1,401,357 $1,384,817 $1,486,987 $1,541,752 Current liabilities $ 312,485 $ 346,764 $ 328,064 $ 325,933 $ 406,440 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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