Rotorua Products, Limited, 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 2 $ 4,625,370 $ 4,764,460 Year 4 $ 5,130,760 $ 5,456,550 $ 5,735,260 $ 79,790 500,940 887,176 Year 1 Year 3 Year 5 Sales $ 86,824 406,629 819,170 $ 1,312,623 $ 99,665 428,795 865,429 $ 84,918 446,713 831,348 $ 77,971 570,061 912,215 Cash Accounts receivable, net Inventory Total current assets $ 1,393,889 $ 1,362,979 $ 1,467,906 $ 1,560,247 Current liabilities $ 310,884 $ 333,797 $ 325,392 $ 328,830 $ 396,587 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).)

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Exercise 16-7 (Algo) Trend Percentages [L016-1]
Rotorua Products, Limited, 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
Year 3
Year 4
Year 5
$ 5,456,550
$ 4,625,370
$ 86,824
406,629
819,170
$ 1,312,623
$ 5,735,260
$ 77,971
570,061
Sales
$ 4,764,460
$ 5,130,760
$ 99,665
428,795
865,429
$ 84,918
446,713
831,348
$ 79,790
500,940
887,176
$ 1,467,906
Cash
Accounts receivable, net
Inventory
912,215
Total current assets
$ 1,393,889
$ 1,362,979
$ 1,560,247
Current liabilities
$ 310,884
$ 333,797
$ 325,392
$ 328,830
$ 396,587
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, net
%
%
%
Inventory
%
%
%
Total current assets
%
%
%
Current liabilities
%
%
%
%
%
Transcribed Image Text:Exercise 16-7 (Algo) Trend Percentages [L016-1] Rotorua Products, Limited, 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 Year 3 Year 4 Year 5 $ 5,456,550 $ 4,625,370 $ 86,824 406,629 819,170 $ 1,312,623 $ 5,735,260 $ 77,971 570,061 Sales $ 4,764,460 $ 5,130,760 $ 99,665 428,795 865,429 $ 84,918 446,713 831,348 $ 79,790 500,940 887,176 $ 1,467,906 Cash Accounts receivable, net Inventory 912,215 Total current assets $ 1,393,889 $ 1,362,979 $ 1,560,247 Current liabilities $ 310,884 $ 333,797 $ 325,392 $ 328,830 $ 396,587 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, net % % % Inventory % % % Total current assets % % % Current liabilities % % % % %
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