Question
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 1Year 2Year 3Year 4Year 5Sales$4,526,180$4,830,470$5,023,460$5,516,890$5,659,080Cash$93,780$106,168$94,918$75,278$64,881Accounts receivable, net411,311428,661448,784502,906577,614Inventory816,975880,330827,849884,542902,517Total current assets$1,322,066$1,415,159$1,371,551$1,462,726$1,545,012Current liabilities$305,617$334,574$343,004$326,168$407,307
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
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