Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Rotorua Products sells agricultural products in the burgeoning Asian 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:
Sales
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Year 1
100.0
Year 1
$ 4,513,330
$ 86,858
414,137
805,814
$ 1,306,809
100.0
100.0
100.0
100.0
100.0
%
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
%
%
Year 2
$ 4,867,400
$ 97,107
423,798
880,974
$ 1,401,879
$ 318,689 $ 335,942
%
%
%
X Answer is not complete.
Year 2
Year 3
$ 5,101,490
$ 88,212
447,360
824,047
$ 1,359,619
$ 324,994
%
%
%
%
%
%
Year 3
%
%
%
%
Year 5
Year 4
$5,485,330 $ 5,648,040
%
%
$ 91,910
507,318
894,402
$ 1,493,630
$ 320,133
Year 4
%
%
%
%
%
%
$ 81,791
561,460
896,726
$ 1,539,977
$ 401,530
Year 5
%
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c70c45e-4d88-4296-a1d1-485e0d04cb49%2F91b01e3a-650a-4742-aca1-de11a6031a83%2F87ywa0f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rotorua Products sells agricultural products in the burgeoning Asian 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:
Sales
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Year 1
100.0
Year 1
$ 4,513,330
$ 86,858
414,137
805,814
$ 1,306,809
100.0
100.0
100.0
100.0
100.0
%
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
%
%
Year 2
$ 4,867,400
$ 97,107
423,798
880,974
$ 1,401,879
$ 318,689 $ 335,942
%
%
%
X Answer is not complete.
Year 2
Year 3
$ 5,101,490
$ 88,212
447,360
824,047
$ 1,359,619
$ 324,994
%
%
%
%
%
%
Year 3
%
%
%
%
Year 5
Year 4
$5,485,330 $ 5,648,040
%
%
$ 91,910
507,318
894,402
$ 1,493,630
$ 320,133
Year 4
%
%
%
%
%
%
$ 81,791
561,460
896,726
$ 1,539,977
$ 401,530
Year 5
%
%
%
%
%
%
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