Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets,...

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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 last five years (Year 5 is the most recent year) are as follows: Year 1 $1,800,000 $ 50,000 Year 2 $1,980,000 $ 65,000 $ 48,000 $ Year 3 $2,070,000 Sales Cash Year 4 $2,160,000 Year 5 $2,250,000 S 30,000 40,000 Accounts receivable, net 510,000 300,000 600,000 345,000 660,000 405,000 690,000 570,000 750,000 Inventory 720,000 $ 950,000 $1,070,000 $1,143,000 $1,270,000 $1,350,000 Total current askets W Current liabilities $ 400,000 $ 440,000 $ 520,000 $ 580,000 $ 640,000 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 (l.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, net Inventory Total current assets Current liabilities % **** % % % % % 96 % % % * * % %6 % % % %6 %6 % 96 ***** % %

Answer rating: 100% (QA)

Over the last five years company s current assets current liabilities and sales have View the full answer