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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): ear Year 2 ear Year 4 Year 5 Sales $4,629,660 $4,860,090 $5,144,690 $5,576,970 $5,636,670 Cash Accounts receivable, net Inventory $ 81,950 102,331 $ 93,763 90,100 75,678 510,163 575,586 812,846 874,567 820,360 881,407 896,966 410,826 433,858 441,921 Total current assets $1,305,622 $1,410,756 $1,356,044 $1,481,670 $1,548,230 Current liabilities $ 311,140 S 346,789 $ 337,916 $ 331,239 S 394,246 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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