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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) Year 1 ear 2 ear 3 ear 4 Year 5 Sales $4,651,020 $4,862,460 $5,106,950 $5,458,810 $5,756,960 Cash Accounts receivable, net Inventory $ 84,200 400,031 815,917 88,077 $ 96,574 $ 88,051 $ 73,517 23,577 444,567 501,214 560,213 915,345 872,913 821,610 880,566 Total current assets $1,300,148 $1,384,567 $1,362,751 $1,469,831 $1,549,075 Current liabilities $ 304,715 $ 333,080 335,568 337,573 399,525 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 (ie, 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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