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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 $4,655,330 $ 84,479 417,526 813,661 $1,315, 666 $ 305,028 Year 2 $4,828,410 $ 107,624 420,427 868, 118 $1,396,169 $ 340,477 Year 3 $5,112,980 $ 97,326 451,928 829, 812 $1,379,066 $ 334,590 Year 4 $5,434,970 83,138 502,004 897,481 $1,482,623 $ 335,505 Year 5 $5,664,690 $ 74,993 566,427 912,225 $1,553, 645 $ 397,498 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 % % % % 1 % % % % % % % % % Current liabilities % % % %
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