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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 $4,636,560 $ 92,833 400,856 806,982 $1,300,671 $ 319, 634 Year 2 $ 4,765,290 $ 93,526 418,252 881,418 $1,393, 196 $ 338,094 Year 3 $5,005, 430 $ 100,010 432,558 820, 125 $1,352,693 $ 337,212 Year 4 $5,439,220 $ 82,428 503,537 885,893 $1,471,858 $ 336,884 Year 5 $5,641,340 $ 70,879 578, 797 902,181 $1,551,857 $ 401,420 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, not Inventory Total current assets Current liabilities % % % % % % % % % 50 % %
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