Rotorua Products, Ltd., of New Zealand markets agricultural products for the bur

Question

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):

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).)

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):

Explanation / Answer

Year 1 Year 2 Year 3 Year 4 Year 5   Sales 45,91,650 47,31,600 51,07,370 54,34,250 58,11,030     Cash 89,816 99,941 1,00,232 81,734 78,335     Accounts receivable, net 4,17,880 4,22,904 4,43,674 5,00,638 5,67,009     Inventory 8,16,686 8,78,831 8,27,537 8,82,028 8,99,972   Total current assets 13,24,382 14,01,676 13,71,443 14,64,400 15,45,316   Current liabilities 3,03,476 3,36,274 3,43,852 3,18,426 4,01,525 Year 1 Year 2 Year 3 Year 4 Year 5   Sales 100% 103% 111% 118% 127%     Cash 100% 111% 112% 91% 87%     Accounts receivable, net 100% 101% 106% 120% 136%     Inventory 100% 108% 101% 108% 110%   Total current assets 100% 106% 104% 111% 117%   Current liabilities 100% 111% 113% 105% 132%

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