Saved Help Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian...
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Accounting
Saved Help 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 Year 2 $1,980,000 Year 3 Year Year 5 Sales $1,800,000 $2,070,000 $2,160,000 $2,250,000 Cash 50,000 300,000 600,000 $ 345,000 660,000 $1,070,000 65,000 40,000 510,000 720,000 48,000 Accounts receivable, net Inventory 405,000 690,000 $1,143,000 30,000 570,000 750,000 Total current assets $ 950,000 $1,270,000 $1,350,000 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 (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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