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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 $4,591,160 Year 2 $4,888,370 Year 3 $5,029,080 Year 4 $5,442,300 Year 5 $5,746,600 $ Cash Accounts receivable, net Inventory 84,790 415,513 819,588 $ 106,444 $ 103,893 432,397 444,466 874,069830,678 $ 73,900 $ 66,462 4 96,274 578,365 899,700898,553 Total current assets $1,319,891 $1,412,910 $1,379,037 $1,469,874 $1,543,380 Current liabilities $ 310,343 $ 345,839 $ 326,709 $ 328,023 $ 407,753 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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