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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: Year 1 $4,516,050 $ 84,827 402,331 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 2 $ 4,769,300 $ 95,185 420,683 868,830 $1,384,698 $ 336,915 Year 3 $5,052,020 $ 89,359 445,960 831,137 $1,366,456 $ 338,868 Year 4 $5,524,280 $ 75,574 503, 120 884,635 $1,463,329 $ 329,889 Year 5 $5,659,490 $ 78,833 569,685 902,076 $1,550,594 $ 395,482 863,613 $1,290,771 $ 303,243 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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