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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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 Year 2 $4,674,310 $4,913,090 $ 193, 234 $ 92,978 406,211 42B, 891 819, 017 878,349 $1,316,462 $1,400,219 $ 312, 265 5 33B, 107 1 Year 3 Year 4 $5,086,330 $5,530,150 $ 102,077 $ 84,241 436, 739 510, 656 835,073 B99, 737 $1,373,889 $1,494,634 $ 337, 075 $325, 554 Year 5 $5,765, 410 S73,787 578, 615 903, 602 $1,556,004 5 398,764 " Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base ycar. (Round your percentage answers to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) Year 3 Year 4 PEARE Year5 L Year 1 Year 2 100.0% Sales Current assets: Cash % % Accounts receivable Inventory Total current assets 100.0% 100.01% 100.0 % 100.004 100.0% Current liabilities
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