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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 $4,592,420 $ 81,382 407,106 809,868 $1,298,356 $ 316,704 Year 2 Year 3 $ 4,824,150 $5,061,620 100, 100 $ 85,071 422,432 445, 487 870, 088 824, 250 $1,392,620 $1,354,808 $ 341,649 $ 324,444 Year 4 $5,401, 470 $ 86, 377 508, 129 880, 904 $1,475,410 $ 336, 044 Year 5 $5,690,320 67, 188 577, 281 899,649 $1,544, 118 $ 403,658 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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