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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 $4,548,780 $ 87,856 410,126 800,558 $1,298,540 $ 304,509 Year 2 Year 3 $ 4,872,130 $4,986,980 $ 103,943 $ 99,125 422,083 438,042 880,320 824,473 $1,406, 346 $1,361,640 $ 339,769 $ 326,729 Year 4 $5,505,600 $ 86,587 501,008 897,036 $1,484,631 Year 5 $5,745,630 $ 78, 196 565, 111 915,761 $1,559,068 $ 406,143 $ 337,047 es 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, net Inventory Total current assets Current liabilities % % % %7 % % % % % % % % % %
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