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

otorua 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 Year 3 Year 4 Year 5
Sales $ 1,800,000 $ 1,980,000 $ 2,070,000 $ 2,160,000 $ 2,250,000
Cash $ 50,000 $ 65,000 $ 48,000 $ 40,000 $ 30,000
Accounts receivable, net 300,000 345,000 405,000 510,000 570,000
Inventory 600,000 660,000 690,000 720,000 750,000
Total current assets $ 950,000 $ 1,070,000 $ 1,143,000 $ 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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