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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
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 $4,554,120 Year 2 $4,867,010 Year 3 $5,000,980 Year 4. $5,410,520 Year 5 $5,822,730 Cash Accounts receivable, net Inventory Total current assets. Current liabilities $ 97,164 $ 95,055 $ 90,320 $ 81,670 $ 73,246 407,546 810,974 426,490 869,976 450,238 498,906 563,436 820,553 893,446 910,369 $1,391,521 $1,361,111 $1,474,022 $1,547,051 $ 316,863 $ 341,396 $ 332,543 $ 332,667 $ 397,460 $1,315,684 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).) Sales Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities Year 1 Year 2 Year 3 Year 4 % % Year 5 %
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