answer in text form please (without image) 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'scurrent assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesSalesCurrent assetsCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1100.0%Year 1$ 4,618,300$89,608400,357802,557$1,292,522$ 316,230100.0%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 answersto 1 decimal place (i.e., 0.1234 should be entered as 12.3).)Year 3$ 97,617421,982879,946$ 1,399,545.$ 348,032%%%%%Year 3$5,024,390Year 4$ 90,200450,706817,219$1,358,125$ 330,971%%%%%%Year 4$ 5,464,140Year 5$ 73,735501,840882,199$ 1,457,774$ 323,829Year 5$ 5,707,910%%%%$ 76,918568,971912,296$ 1,558,185$ 404,008

Trends in accounting refer to the patterns, movements, or changes in financial data or performance…

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 % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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