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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 Year 1 $4,694,950 $ 98,484 413,710 807,394 $1,319,588 $ 302,829 Year 2 $4,847,940 $ 94,789 427,791 864,544 $1,387,124 $ 343,895 Year 3 $5,089,970 $ 92,572 443,557 821,335 $1,357,464 $ 342, 715 Year 4 $5,443,430 $ 79,863 502,443 898, 286 $1,480,592 $ 334, 351 Year 5 $5,786,620 $ 73,887 561, 129 908, 393 $1,543, 409 $ 396, 044 Current liabilities 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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