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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Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fc66754-dc05-453a-a4c8-c79196bcb5d1%2F2197d879-bf20-4eb6-baae-304bcb3583c5%2Fkezw2mg_processed.png&w=3840&q=75)
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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