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 abilities Year 1 100.0% Year 1 $ 4,618,300 $ 89,608 480,357 802,557 $1,292,522 $ 316,230 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 12.31.) 100.0% 100.0% 100.0% 1000% 100.0% Year 2 % % % % % Year 2 $ 4,885,910 $ 97,617 421,982 879,946 $ 1,399,545 $ 348,032 Year 3 % % % % % % Year 3 $5,024,390 $ 90,200 450,706 817,219 $ 1,358,125 $ 330,971 Year 4 % % % % % % Year 4 $5,464,140 $ 73,735 501,840 882,199 $ 1,457,774 $ 323,829 Year 5 % % Year 5 $ 5,707,918 $ 76,918 568,971 912,296 $ 1,558,185 $ 404,008 % %
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 abilities Year 1 100.0% Year 1 $ 4,618,300 $ 89,608 480,357 802,557 $1,292,522 $ 316,230 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 12.31.) 100.0% 100.0% 100.0% 1000% 100.0% Year 2 % % % % % Year 2 $ 4,885,910 $ 97,617 421,982 879,946 $ 1,399,545 $ 348,032 Year 3 % % % % % % Year 3 $5,024,390 $ 90,200 450,706 817,219 $ 1,358,125 $ 330,971 Year 4 % % % % % % Year 4 $5,464,140 $ 73,735 501,840 882,199 $ 1,457,774 $ 323,829 Year 5 % % Year 5 $ 5,707,918 $ 76,918 568,971 912,296 $ 1,558,185 $ 404,008 % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
100.0%
Year 1
$ 4,618,300
$89,608
400,357
802,557
$1,292,522
$ 316,230
100.0%
100.0%
100.0%
100.0 %
100.0%
Year 2
%
%
%
%
%
%
Year 2
$ 4,885,910.
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 3
$ 97,617
421,982
879,946
$ 1,399,545.
$ 348,032
%
%
%
%
%
Year 3
$5,024,390
Year 4
$ 90,200
450,706
817,219
$1,358,125
$ 330,971
%
%
%
%
%
%
Year 4
$ 5,464,140
Year 5
$ 73,735
501,840
882,199
$ 1,457,774
$ 323,829
Year 5
$ 5,707,910
%
%
%
%
$ 76,918
568,971
912,296
$ 1,558,185
$ 404,008](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c970678-6c04-4790-b8e6-f635264c23b8%2F444b43a3-918a-495b-9084-600c40176068%2F1v7r7j8_processed.jpeg&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
100.0%
Year 1
$ 4,618,300
$89,608
400,357
802,557
$1,292,522
$ 316,230
100.0%
100.0%
100.0%
100.0 %
100.0%
Year 2
%
%
%
%
%
%
Year 2
$ 4,885,910.
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 3
$ 97,617
421,982
879,946
$ 1,399,545.
$ 348,032
%
%
%
%
%
Year 3
$5,024,390
Year 4
$ 90,200
450,706
817,219
$1,358,125
$ 330,971
%
%
%
%
%
%
Year 4
$ 5,464,140
Year 5
$ 73,735
501,840
882,199
$ 1,457,774
$ 323,829
Year 5
$ 5,707,910
%
%
%
%
$ 76,918
568,971
912,296
$ 1,558,185
$ 404,008
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