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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 $4,538,660 Sales Cash Accounts receivable, net Inventory $ 93,014 409,996 814, 315 $1,317,325 $ 314,617 Year 2 2 Year 3 $ 4,836,630 $5,094,840 $ 107, 335 $ 99,638 427,831 440, 664 865,879 817,586 $1,401,045 $1,357,888 $ 332,448 $ 328,096 Year 4 $5,563,010 $ 84,510 499,838 892,870 $1,477,218 $ 324,202 Year 5 $5,754,190 $ 76,718 563,466 896,077 $1,536,261 Total current assets Current liabilities $ 401,387 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 % % % % % % % % % % % % % % % % %
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