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Exercise 14-7 (Algo) Trend Percentages (LO14-1) Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets,
Exercise 14-7 (Algo) Trend Percentages (LO14-1) Rotorua Products, Limited, 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 re ear) are as follows: Year 1 Year 2 Year Year 5 Sales $ 4,520,160 $ 4,771,200 $ 5,067,020 $ 5,513,580 5.5.674,920 Cash $ 82,329 $ 99,437 $ 92,413 $ 77,711 5 83,521 Accounts receivable, net 415,386 431,151 513.937 570, 422 Inventory 801, 102 001,490 02302 080, 790 902, 151 Total current assets $ 1,290,022 $1,412,078 $ 1,352,762 $ 1.492.446 $1,556,093 Current liabilities $ 306,754 $ 339,302 $ 328.621 $ 326,133 $ 405,990 437,042 Required: 1 Express all of the asset, Hability, and sales data in trend percentages. Use Year 1 as the bese year. (Round your percentage answers to 1 decimal place (le, 0.1234 should be entered as 12.3).) Year 2 Year 1 Year 3 Year 4 Year 5 % % % % % % 5 % % % % Sales Current assets Cash Accounts receivablo, net Inventory Total current assets Current liabilities % % % * 5 94 % % % 56 % % 9 X
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