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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 $4,679,270 $ 87,004 405,562 800,540 $1,293,106 Year 2 $4,883, 180 $ 105,462 426,020 873,237 $1,404,719 Year 3 $5,145,200 $ 86,947 435,963 821,099 $1,344,009 $ 324,942 Year 4 $5,544,690 $ 82,357 510,199 888,322 $1,480,878 $ 331,559 Year 5 $5,627,820 $ 82,239 571,108 903,907 $1,557,254 $ 314,532 $ 334,447 $ 408,567 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 % %1 % % % % % Sales Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities % % % % % % % % % % % % % % % % % % %
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