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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 $4,657,560 $ 85,893 417,186 806,569 $1,309,648 $ 307,720 Year 2 $4,778,520 $ 90,097 427,199 869,461 $1,386,757 Year 3 $5,122,580 $ 87, 278 437,604 822, 824 $1,347,706 $ 335,380 Year 4 $5,590,390 $ 79,834 509,596 894,253 $1,483,683 $ 324,088 Year 5 $5,781,900 $ 65,950 564,742 913,687 $1,544,379 $ 397,429 $ 349,022 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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