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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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