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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: 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 % 100.0 % 100.0% 100.0 % 100.0 % 100.0 % Year 1 $ 4,584,010 $82,037 403,352 812,158 $ 1,297,547 $319,310 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 2 % % % % % % Year 2 $ 4,830,880 $ 99,668 422,284 880,705 $ 1,402,657 $ 342,492 Year 3 % % % % % Year 3 $ 5,070,070 $ 88,209 438,937 818,969 $1,346,115 $ 342,475 Year 4 % % % % % % Year 5 Year 4 $ 5,456,320 $ 87,052 510,918 888, 549 $ 1,486,519 $ 329,048 % % % % Year 5 $ 5,658,830 $ 67,939 562,208 908,859 $ 1,539,006 $ 407,856

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: 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 % 100.0 % 100.0% 100.0 % 100.0 % 100.0 % Year 1 $ 4,584,010 $82,037 403,352 812,158 $ 1,297,547 $319,310 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 2 % % % % % % Year 2 $ 4,830,880 $ 99,668 422,284 880,705 $ 1,402,657 $ 342,492 Year 3 % % % % % Year 3 $ 5,070,070 $ 88,209 438,937 818,969 $1,346,115 $ 342,475 Year 4 % % % % % % Year 5 Year 4 $ 5,456,320 $ 87,052 510,918 888, 549 $ 1,486,519 $ 329,048 % % % % Year 5 $ 5,658,830 $ 67,939 562,208 908,859 $ 1,539,006 $ 407,856

FINANCIAL ACCOUNTING
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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Subject :- Account 

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: 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 11 100.0 % 100.0 % 100.0 % 100.0% 100.0 % 100.0 % Year 1 $ 4,584,010 $ 82,037 403,352 812,158 $ 1,297,547 $319,310 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 2 % % % % % 56 Year 2 $ 4,830,880 $ 99,668 422,284 880,705 $ 1,402,657 $ 342,492 Year 3 % % % % % % Year 3 $ 5,070,070 Year 4 $ 88,209 438,937 818,969 $ 1,346,115 $ 342,475 % % % % % % Year 4 $ 5,456,320 $ 87,052 510,918 888,549 $ 1,486,519 $329,848 Year 5 Year 5 $ 5,658,830 % % % % % $67,939 562,208 908,859 $ 1,539,006 $ 407,856
Transcribed Image Text: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: 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 11 100.0 % 100.0 % 100.0 % 100.0% 100.0 % 100.0 % Year 1 $ 4,584,010 $ 82,037 403,352 812,158 $ 1,297,547 $319,310 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 2 % % % % % 56 Year 2 $ 4,830,880 $ 99,668 422,284 880,705 $ 1,402,657 $ 342,492 Year 3 % % % % % % Year 3 $ 5,070,070 Year 4 $ 88,209 438,937 818,969 $ 1,346,115 $ 342,475 % % % % % % Year 4 $ 5,456,320 $ 87,052 510,918 888,549 $ 1,486,519 $329,848 Year 5 Year 5 $ 5,658,830 % % % % % $67,939 562,208 908,859 $ 1,539,006 $ 407,856
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