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...

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):

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$NZ stands for New Zealand dollars.

Required:

1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place.


2. Comment on the results of your analysis.

Extracted text: Year 5 Year 4 Year 3 Year 2 Year 1 SNZ2,250,000 SNZ2, 160,000 SNZ2,070,000 SNZ 30,000 SNZ 40,000 SNZ1,980,000 SNZ1 800,000 65,000 SNZ 50,000 Sales. Cash. SNZ 48,000 SNZ Accounts receivable, 570,000 510,000 405,000 345,000 300,000 net Inventory 750,000 720,000 690,000 660,000 600,000 Total current assets SNZ1.350.000 SNZ1.270,000 SNZ1,143,000 SNZ1,070,000 SNZ 950,000 Current liabilities SNZ 640.000 SNZ 580,000 SNZ 520,000 SNZ 440,000 SNZ 400,000