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 $ 4,686,640 $ 82,864 418,665 813,768 $ 1,315,317 $ 310,202 Year 2 $ 4,915,010 $ 107,739 435,654 875,366 $1,418,759 $ 343,081 Year 3 $ 4,959,820 $ 101,987) 439,418 820,954 $ 1,362,359 $ 342,669 Year 4 $ 5,592,550 $86,089 497,203 888,669 $ 1,471,961 $ 331,950 Year 5 $ 5,700,320 $ 67,491 570,599 898,193 $1,536,283 $405,705 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).)
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 $ 4,686,640 $ 82,864 418,665 813,768 $ 1,315,317 $ 310,202 Year 2 $ 4,915,010 $ 107,739 435,654 875,366 $1,418,759 $ 343,081 Year 3 $ 4,959,820 $ 101,987) 439,418 820,954 $ 1,362,359 $ 342,669 Year 4 $ 5,592,550 $86,089 497,203 888,669 $ 1,471,961 $ 331,950 Year 5 $ 5,700,320 $ 67,491 570,599 898,193 $1,536,283 $405,705 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).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject: acounting
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 1
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 1
$ 4,686,640
$82,864
418,665-1
813,788
$ 1,315,317
$ 310,202
Year 2
%
%
%
%
%
Year 2
$ 4,915,010
$ 107,739
435,654
875,366
$1,418,759
$ 343,001
Year 3
%
1%
%
%
%
%
Year 3
$ 4,959,820
$ 101,987
439,418
820,954
$ 1,362,359
$ 342,669
Year 4
%
%
%
%
%
Year 4
$ 5,592,550
$86,089
497,203
888,669
$ 1,471,961
$ 331,950
Year 5
Year 5
$ 5,700,320
$ 67,491
570,599
898,193
$1,536,283
$ 405,705
%
%
%
%
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