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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 $4,648,830 Year 2 $4,782,520 Year 3 Year 4 $5,105,830 $5,478,930 Year 5 $5,705,890 Sales $ $ $ $ $ Cash Accounts receivable, net Inventory 84,585 414,169 809,541 91,592 430,372 868,105 95,989 449,381 831,280 72,138 509,617 882,706 73,842 566,196 896,929 Total current assets $1,308,295 $1,390,069 $1,376,650 $1,464,461 $1,536,967 Current liabilities $ 302,055 $ 337,801 $ 328,123 $ 327,475 $ 408,939 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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