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):

	Year 1			Year 2			Year 3			Year 4			Year 5
Sales	$	4,640,350		$	4,759,370		$	5,079,690		$	5,487,360		$	5,792,260
Cash	$	86,633		$	101,830		$	100,105		$	81,354		$	79,060
Accounts receivable, net		416,190			427,035			437,182			511,322			561,651
Inventory		815,478			868,233			823,813			893,139			897,046
Total current assets	$	1,318,301		$	1,397,098		$	1,361,100		$	1,485,815		$	1,537,757
Current liabilities	$	310,661		$	331,990		$	335,223		$	331,578		$	398,395

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).)

      

Answer 1