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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): Year 1 Year 2 $4,522,580 $4,793,920 Year 3 $5,127,910 Year 4 Year 5 $5,582,250 $5,812,250 Sales $ $ $ $ $ Cash Accounts receivable, net Inventory 88,757 406,793 94,591 421,156 881,588 93,683 445,815 73,678 508,024 897,224 69,799 565,374 907,169 802,688 816,810 Total current assets $1,298,238 $1,397,335 $1,356,308 $1,478,926 $1,542,342 Current liabilities $ 317,941 $ 349,918 $ 329,837 $ 327,012 $ 391,985 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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