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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 Year 3 Year 4 Year 5 Sales $4,689,690 $4,739,560 $5,084,010 $5,462,310 $5,722,720 $ $ Cash Accounts receivable, net Inventory Total current assets 91,726 $ 417 278 805,489 97,215 $ 434,771 877,365 93,088 $ 435,331 816,494 75,726 506,925 882,564 72,282 575,338 898,086 $1,314,493 $1,409,351 $1,344,913 $1,465,215 $1,545,706 Current liabilities $ 314,026 $ 339,352 $ 331,779 $ 334,100 $ 407,193 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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