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 Year 1 $ 4,665,760 $ 82,506 414,779 808,990 $ 1,306,275 $ 310,542 Year 2 $4,790,650 $ 101,053 430,782 882,080 $ 1,413,915 $ 342,406 Year 3. $ 5,108,370 $ 92,663 434,877 829, 324 $ 1,356,864 $325,045 Year 4 $ 5,505,530 $ 80,040 505,150 893,555 $ 1,478,745 $332,868 Year 5 $ 5,698,990 $ 79,553 567,862 904, 393 $ 1,551,808 $ 398,492 Required: 1. Express all of the asset. liability, and sales data in trend percentages. Use Year 1 as the base vear. (Round your percentage answers

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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Subject : Accounting

 

 

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:
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 1
$ 4,665,760
$ 82,506
414,779
808,990
$ 1,306,275
$ 310,542
Year 2
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
$ 4,790,650
$ 101,053
430,782
882,080
$ 1,413,915
$ 342,406
Year 3
%
%
%
%
%
%
Year 3
$ 5,108,370
$ 92,663
434,877
829, 324
$ 1,356,864
$325,045
Year 4
%
%
%
%
%
%
Year 5
%
Year 4
$ 5,505,530
%
%
%
%
%
$ 80,040
505,150
893,555
$ 1,478,745
$ 332,868
Year 5
$ 5,698,990
$ 79,553
567,862
904,393
$ 1,551,808
$ 398,492
Transcribed Image Text: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: 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 1 $ 4,665,760 $ 82,506 414,779 808,990 $ 1,306,275 $ 310,542 Year 2 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 $ 4,790,650 $ 101,053 430,782 882,080 $ 1,413,915 $ 342,406 Year 3 % % % % % % Year 3 $ 5,108,370 $ 92,663 434,877 829, 324 $ 1,356,864 $325,045 Year 4 % % % % % % Year 5 % Year 4 $ 5,505,530 % % % % % $ 80,040 505,150 893,555 $ 1,478,745 $ 332,868 Year 5 $ 5,698,990 $ 79,553 567,862 904,393 $ 1,551,808 $ 398,492
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