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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) Sales Year 1 $4,647,360 Year 2 $4,744.570 Year 3 $5,072,600 Year 4 $5,572.690 Year 5 $5,786,500 $ $ $ Cash Accounts receivable net Inventory 92,050 412 413 804.792 96.778 5 422 303 866.741 88 271 $ 4 49,098 819 854 81,620 502 660 884 271 66.971 573.156 913 574 Total current assets $1,309,255 $1,385,822 $1,357 223 $1,468,551 $1,553,701 Current liabilities S 319,940 $ 338,684 S 342.940 S 320,085 $ 407, 288 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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