Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...

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Accounting

Rotorua Products, Ltd., of New Zealand markets agriculturalproducts for the burgeoning Asian consumer market. The company’scurrent assets, current liabilities, and sales over the last fiveyears (Year 5 is the most recent year) are as follows:
Year 1 Year 2 Year 3 Year 4 Year 5
Sales $ 4,538,620 $ 4,810,420 $ 5,059,140 $ 5,531,590 $ 5,664,970
Cash $ 86,561 $ 90,131 $ 89,470 $ 75,324 $ 77,867
Accountsreceivable, net 404,243 422,030 432,018 511,505 573,091
Inventory 818,757 864,103 820,838 888,646 914,051
Total currentassets $ 1,309,561 $ 1,376,264 $ 1,342,326 $ 1,475,475 $ 1,565,009
Currentliabilities $ 304,490 $ 339,212 $ 328,086 $ 318,458 $ 391,038
Required:
1. Express all of theasset, liability, and sales data in trend percentages. Use Year 1as the base year. (Round your percentage answers to 1decimal place (i.e., 0.1234 should be entered as12.3).)

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4.2 Ratings (678 Votes)

Working Trend Year 1 Year 2 Year 3 Year 4 Year 5 Sales 4538620 4538620 100 4810420 4538620 100 5059140 4538620 100 5531590 4538620 100 5664970 4538620 100 Current Assets Cash 86561 86561 100 90131 See Answer

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	Year 1		Year 2		Year 3		Year 4		Year 5
Sales	$	4,538,620	$	4,810,420	$	5,059,140	$	5,531,590	$	5,664,970
Cash	$	86,561	$	90,131	$	89,470	$	75,324	$	77,867
Accountsreceivable, net		404,243		422,030		432,018		511,505		573,091
Inventory		818,757		864,103		820,838		888,646		914,051
Total currentassets	$	1,309,561	$	1,376,264	$	1,342,326	$	1,475,475	$	1,565,009
Currentliabilities	$	304,490	$	339,212	$	328,086	$	318,458	$	391,038