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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 $4,523,050 $ 86,230 411,458 806, 806 $1,304,494 Year 2 $4,806, 140 $ 89,789 423,300 882,404 $1,395,493 Year 3 $4,982,490 $ 93,366 434,200 822,322 $1,349,888 $ 324,991 Year 4 $5,473,700 $ 89,823 506, 367 881,763 $1,477,953 $ 325,497 Year 5 $5,796,690 $ 75,111 578,685 9 02,603 $1,556,399 Current liabilities $ 316,968 $ 349,498 $ 397,493 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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