Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market....
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Accounting
Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$ 4,552,740
$ 4,881,040
$ 5,051,450
$ 5,474,850
$ 5,743,480
Cash
$ 99,778
$ 95,819
$ 85,808
$ 79,502
$ 68,409
Accounts receivable, net
403,056
425,398
437,333
496,885
572,064
Inventory
814,727
878,304
816,448
889,249
904,568
Total current assets
$ 1,317,561
$ 1,399,521
$ 1,339,589
$ 1,465,636
$ 1,545,041
Current liabilities
$ 315,720
$ 349,289
$ 341,368
$ 324,509
$ 399,922
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).)
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