Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market....
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Accounting
Rotorua Products, Ltd., 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
$
4,555,030
$
4,730,860
$
5,133,190
$
5,547,540
$
5,753,910
Cash
$
90,344
$
106,900
$
94,231
$
77,524
$
82,935
Accounts receivable, net
419,033
430,677
437,743
502,930
565,635
Inventory
807,268
864,996
829,963
898,683
909,720
Total current assets
$
1,316,645
$
1,402,573
$
1,361,937
$
1,479,137
$
1,558,290
Current liabilities
$
304,077
$
335,314
$
343,826
$
325,499
$
408,093
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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