Exercise 14-7 (Algo) Trend Percentages (LO14-1)Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company'scurrent assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:Year 1Year 2Year 3Year 4Year 5$ 4,549,430$ 89,042408,006811,488$ 1,308,536$ 318,107$ 4,740,670$ 5,099,950$ 5,469,600$ 88,596508,470896,163$ 5,724, 580$ 83,446579,239Sales$ 98,777418,630$ 95,764449,800CashAccounts receivable, netInventory879,663834,879907,936Total eurrent assetsॐ 1,397,070$ 1,380,443$ 1,493, 229$ 1,570,621Current liabilities$ 339,365$ 342,764$ 327,124$ 393,311Required:1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answersto 1 decimal place (i.e., 0.1234 should be entered as 12.3).)Year 1Year 2Year 3Year 4Year 5SalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesまま

Trend analysis is an analysis done by the companies to understand their current performance with…

Answered: 1. Express all of the asset, liability,…

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).)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Exercise 14-7 (Algo) Trend Percentages (LO14-1)
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
$ 4,549,430
$ 89,042
408,006
811,488
$ 1,308,536
$ 318,107
$ 4,740,670
$ 5,099,950
$ 5,469,600
$ 88,596
508,470
896,163
$ 5,724, 580
$ 83,446
579,239
Sales
$ 98,777
418,630
$ 95,764
449,800
Cash
Accounts receivable, net
Inventory
879,663
834,879
907,936
Total eurrent assets
ॐ 1,397,070
$ 1,380,443
$ 1,493, 229
$ 1,570,621
Current liabilities
$ 339,365
$ 342,764
$ 327,124
$ 393,311
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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