Rotorua 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 $ 4,588,460 $ 4,861,720 $ 5,074,410 $ 5,571,690 $ 5,822,620 cash $ 98,597 $ 104,064 $ 92,084 $ 77,551 $ 74,868 accounts receivable, net 411,411 435,071 446,849 511,453 579,010 inventory 809,668 869,291 822,584 896,385 910,149 total current assets $ 1,319,676 $ 1,408,426 $ 1,361,517 $ 1,485,389 $ 1,564,027 current liabilities $ 317,772 $ 345,698 $ 338,930 $ 323,694 $ 395,024 required: 1. express all of the asset, liability, and sales data in trend percentages. use year 1 as the base year

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business. identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats. implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the