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:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesSalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1Year 2$ 4,654,890$ 98,625412,539812,564$ 4,785,720$ 91,603423,536876,894$ 1,323,728 $ 1,392,033$ 339,515$ 300,175Required: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 1%%%%%%Year 2%%%%%%Year 3.Year 4Year 5.$ 5,597,560 $ 5,808,960$ 4,989,130$ 103,392439,311817,070$ 1,359,773 $ 1,467,996 $ 1,554,121$333,288 $ 328,594 $ 409,089$ 74,976501,957891,063$ 73,360565,209915,552Year 3%%%%%%Year 4%%%%%%Year 5%%%%%%

Assets must generate income for the company; that is, they must either hold resale value or create…

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 Year 2 $ 4,654,890 $4,785,720 $ 98,625 412,539 812,564 $ 1,323,728 $ 300,175 Year 1 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 $ 91,603 $ 103,392 423,536 439,311 876,894 817,070 $ 1,392,033 $ 1,359,773 $ 339,515 $333,288 % Year 3 Year 4 Year 5 $ 4,989,130 $ 5,597,560 $5,808,960 % % % % % Year 3 % % % % % % $ 74,976 $ 73,360 501,957 565,209 891,063 915,552 $ 1,467,996 $ 1,554,121 $ 328,594 $ 409,089 Year 4 % % % % % % Year 5 % % % % % %

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 Year 2 $ 4,654,890 $4,785,720 $ 98,625 412,539 812,564 $ 1,323,728 $ 300,175 Year 1 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 $ 91,603 $ 103,392 423,536 439,311 876,894 817,070 $ 1,392,033 $ 1,359,773 $ 339,515 $333,288 % Year 3 Year 4 Year 5 $ 4,989,130 $ 5,597,560 $5,808,960 % % % % % Year 3 % % % % % % $ 74,976 $ 73,360 501,957 565,209 891,063 915,552 $ 1,467,996 $ 1,554,121 $ 328,594 $ 409,089 Year 4 % % % % % % Year 5 % % % % % %

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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