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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 the
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 2 Sales Cash Accounts receivable, net Inventory Total current assets Year 1 $4,527,680 $ 93,693 400, 167 809,841 $1,303,701 $ 4,821,010 $ 100,931 423,975 877,189 $1,402,095 Year 3 $5,094,760 $ 92,605 443,381 827,868 $1,363,854 Year 4 $5,457,950 $ 86,657 497, 130 887,135 $1,470, 922 Year 5 $5,812,460 $ 69,812 569,982 907,651 $1,547,445 Current liabilities $ 312,459 $ 332,134 $ 336,829 $ 325,607 $ 390,467 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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