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Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys 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 | $ | 4,517,240 | $ | 4,890,810 | $ | 4,999,330 | $ | 5,460,600 | $ | 5,704,220 | |||||
Cash | $ | 94,141 | $ | 104,553 | $ | 93,338 | $ | 77,567 | $ | 70,808 | |||||
Accounts receivable, net | 401,321 | 422,352 | 438,374 | 504,281 | 579,507 | ||||||||||
Inventory | 809,948 | 879,180 | 826,084 | 896,581 | 914,809 | ||||||||||
Total current assets | $ | 1,305,410 | $ | 1,406,085 | $ | 1,357,796 | $ | 1,478,429 | $ | 1,565,124 | |||||
Current liabilities | $ | 307,082 | $ | 336,752 | $ | 326,002 | $ | 321,839 | $ | 395,930 | |||||
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 3Year 4 Year 5 Sales $4,517,240 $4,890,810 $4,999,330 $5,460,600 $5,704,220 Cash Accounts receivable, net Inventory $ 94,141 $ 104,553 $ 93,338 $ 77,567 S 70,808 401,321 422,352 438,374 504,281 579,507 809,948 879,180 826,084 896,581 914,809 Total current assets $1,305,410 $1,406,085 $1,357,796 $1,478,429 $1,565,124 Current liabilities $ 307,082 $ 336,752 $ 326,002 $ 321,839 S 395,930 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 Year 3 Year 4 Year 5 Sales Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities
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