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
$ 4,673,390
$ 4,815,030
$ 5,088,640
$ 5,580,250
$ 5,822,260
Cash
$ 97,437
$ 93,120
$ 102,599
$ 74,522
$ 71,597
Accounts receivable, net
418,639
426,634
438,762
512,527
571,389
Inventory
807,848
883,945
818,901
884,546
901,230
Total current assets
$ 1,323,924
$ 1,403,699
$ 1,360,262
$ 1,471,595
$ 1,544,216
Current liabilities
$ 304,004
$ 330,275
$ 327,292
$ 325,166
$ 407,869
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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