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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
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: Year 1 $1,800,000 $ 50,000 Year 2 $1,980,000 $ 65,000 $ 48,000 $ Year 3 $2,070,000 Sales Cash Year 4 $2,160,000 Year 5 $2,250,000 S 30,000 40,000 Accounts receivable, net 510,000 300,000 600,000 345,000 660,000 405,000 690,000 570,000 750,000 Inventory 720,000 $ 950,000 $1,070,000 $1,143,000 $1,270,000 $1,350,000 Total current askets W Current liabilities $ 400,000 $ 440,000 $ 520,000 $ 580,000 $ 640,000 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 (l.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 % **** % % % % % 96 % % % * * % %6 % % % %6 %6 % 96 ***** % %
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