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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 $4,566,270 $ 96,035 410,864 809,578 $1,316,477 Year 2 Year 3 $ 4,769,490 $5,022,370 $ 95,730 $ 99,844 418,980 442,329 872,330 825, 327 $1,387,040 $1,367,500 $ 345,052 $ 335, 135 Year 4 $5,501,010 $ 88,971 502,868 890,633 $1,482,472 $ 320,548 Year 5 $5,703,080 $ 80,740 560,271 906,909 $1,547,920 $ 315,982 $ 402,673 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, net Inventory Total current assets Current liabilities % % % % % % % % % % % % % % % % % % % %
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