Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's
Question:
Rotorua Products, Limited, 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
$ 4,551,130
$ 87,718
$405,020
$807,021
$ 1,299,759
$ 306,602
Year2
$ 4,883,520
$ 104,982
$435,531
$865.834
$ 1,406,347
337,8282
Year 3
$ 4,989,130
$ 91,698
$443,643
$826,632
$ 1,361,973
$334,456
Year 4
$ 5,472,970
$88,401
$514,714
$899,679
$ 1,502,794
$ 324,502
Year 5
$ 5,785,260
$ 80,445
$579,906
$903,361
$ 1,563,712
$ 400,175
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
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities