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Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):
Rotorua Products, Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Sales Year 1 $4,547,450 Year 2 $4,824,610 Year 3 $4.981,390 Year 4 $5,597,320 Year 5 $5,646,720 $ $ $ $ Cash Accounts receivable.net Inventory 94,418 408,136 807,251 96.569 433,774 880.419 97,390 441,831 830,873 73,645 503,541 897,528 $ 68,782 567.004 901,958 Total current assets $1,309,805 $1,410,762 $1,370,094 $1,474,712 $1,537,742 Current abilities $ 302,989 $ 336,483 $ 331,372 $ 331,666 $ 393,647 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 96 96 96 96 96 Sales Current assets: Cash Accounts receivable Inventory Total current assets Current liabilitiesStep by Step Solution
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