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 liabilitiesSainsCurrent assetsCashAccounts receivable, netinventoryTotal current assesCument labesYear 1%%%Year 1$4,599,170$ 98,780403,731806,316$1,308,827$ 307,643Required: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 (.e., 0.1234 should be entered as 12.3).)%Year 2%%%%%Year 2$4,766,250$89,994431,432869,464$1,390,890$336,456Year 3%%%%%Year 3$ 5,097,530$91,640435,815826,871$1,354,326$330,139Year 4%%%Year 4$ 5,467,000$84,639511,755890,352$1,486,746Year 5Year 5$ 5,812,500%%%64,779560,003911,752$1,544,534$ 407,308 A comparative Income statement is given below for McKenzie Sales, Limited, of Toronto:McKenzie Sales, LimitedComparative Income StatementSalesCost of goods soldGross marginSelling and administrative expenses:Selling expensesAdministrative expensesTotal expensesNet operating incomeInterest expenseNet incone before taxesSalesCost of goods soldGross marginSelling and administrative expensesSelling expensesAdministrative expensesTotal selling and administrative expensesThis Year$ 7,360,0004,740,0002,620,000Net operating incomeInterest expenseNet income before taxesThis YearMembers of the company's board of directors are surprised to see that net income increased by only $134,900 when sales increasedbyRequired:1 Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (ie..0.1234 should be entered as 12.3).)0.0 %%%0.0 %0.0 %1,374,000703,0002,077,000%543,000100,0000443,0000.0 %Last YearLast Year$5,593,6003,514,0002,079,60000%%1,073,500600,0001,681,5000.0 %0,0 %%0.0 %398,10090,000$300,100

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 Accounts receivable net Total curent asses Cument abs Year 1 $4,599,170 $ 98,780 403,731 806,316 $1,308,827 $ 307,643 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 (.e., 0.1234 should be entered as 12.3).) % % 1% Year 2 Year 2 $4,766,250 $89,994 431,432 869,464 $ 1,390,890 $336,456 Year 3 % % % Year 3 $5,097,530 $ 91,640 435,015 826,871 $1,354,326 $ 330,139 Year 4 % % Year 4 $ 5,467,000 $84,639 511,755 890,352 $ 1,486,746 $ 328,184 Year 5 Tear 5 $ 5,812,500 $ 64,779 568,003 911,752 $1,544,534 $ 407,388 %

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 Accounts receivable net Total curent asses Cument abs Year 1 $4,599,170 $ 98,780 403,731 806,316 $1,308,827 $ 307,643 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 (.e., 0.1234 should be entered as 12.3).) % % 1% Year 2 Year 2 $4,766,250 $89,994 431,432 869,464 $ 1,390,890 $336,456 Year 3 % % % Year 3 $5,097,530 $ 91,640 435,015 826,871 $1,354,326 $ 330,139 Year 4 % % Year 4 $ 5,467,000 $84,639 511,755 890,352 $ 1,486,746 $ 328,184 Year 5 Tear 5 $ 5,812,500 $ 64,779 568,003 911,752 $1,544,534 $ 407,388 %

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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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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,629,850 $ 4,882,820 $ 5,051,360 $ 5,561,430 $ 5,779,850 Cash $ 92,281 $ 100,754 $ 100,089 $ 88,760 $ 74,387 Accounts receivable, net 400,699 434,827 445,236 507,424 568,470 Inventory 805,036 874,663 822,264 897,114 903,388 Total current assets $ 1,298,016 $ 1,410,244 $ 1,367,589 $ 1,493,298 $ 1,546,245 Current liabilities $ 317,424 $ 340,337 $ 332,468 $ 321,672 $ 391,861 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 sells agricultural products in the burgeoning Asian 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 $ 4,513,330 $ 86,858 414,137 805,814 $ 1,306,809 100.0 100.0 100.0 100.0 100.0 % Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3). % % Year 2 $ 4,867,400 $ 97,107 423,798 880,974 $ 1,401,879 $ 318,689 $ 335,942 % % % X Answer is not complete. Year 2 Year 3 $ 5,101,490 $ 88,212 447,360 824,047 $ 1,359,619 $ 324,994 % % % % % % Year 3 % % % % Year 5 Year 4 $5,485,330 $ 5,648,040 % % $ 91,910 507,318 894,402 $…
b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: $ 138,000 926,000 991,000 533,000 $ 2,588,000 Cash Accounts receivable Inventory Net plant and equipment Total assets Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times
The following ratios are available for agricultural chemical competitors Potash Corporation of Saskatchewan(PotashCorp) and Agrium from a recent year PotashCorp Agrium Liquidity Current Ratio 1.1:1 2.1:1 Acid-test 0.8:1 1.2:1 Receivables turnover 10.7 times 8.3 times Inventory turnover 6.8 times 4.1 times Oeprating cycle 88 days 133 days Solvency Debt to total assets 36.6% 26.9% Interest coverage 18.3 times 63.1 times Profitability Gross profit margin 49.20% 28.00% Profit margin 35.40% 9.80% Asset turnover 0.6 times 1.2 times Return on assets 19.40% 11.60% Return on equity 42.40% 25.90% a) Which company is more liquid? Explain your answer. b) Which company is more solvent? Explain your answer. c) Which company is…
Payton Company has the following segment revenues for the two most recent fiscal years. Segment China Canada Other countries Total revenues Segment Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. China Canada Other countries Current Year (in millions) $745 339 211 $1,295 Total revenues Payton Company Vertical Analysis Current Year Amount (in millions) $745 339 211 $1,295 Current Year Percent % Prior Year (in millions) $660 244 166 $1,070 % Prior Year Amount (in millions) $660 244 166 $1,070 Prior Year Percent % %
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 72 $ 358 Receivables (net) 1,942 1,788 Merchandise inventory 900 956 Other current assets 303 259 Total current assets $3,217 $3,361 Total current liabilities $1,601 $1,635 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) Beginning of Year End of Year Working capital $ enter a dollar amount $ enter a dollar amount Current ratio enter current ratio rounded to 2 decimal places :1 enter current ratio rounded to 2 decimal places :1
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumermarket. The company’s current assets, current liabilities, and sales have been reported as follows over thelast five years (Year 5 is the most recent year):Year 5 Year 4 Year 3 Year 2 Year 1Sales ...................................... $NZ2,250,000 $NZ2,160,000 $NZ2,070,000 $NZ1,980,000 $NZ1,800,000Cash ...................................... $NZ 30,000 $NZ 40,000 $NZ 48,000 $NZ 65,000 $NZ 50,000Accounts receivable, net ....... 570,000 510,000 405,000 345,000 300,000Inventory ................................ 750,000 720,000 690,000 660,000 600,000Total current assets ............... $NZ1,350,000 $NZ1,270,000 $NZ1,143,000 $NZ1,070,000 $NZ 950,000Current liabilities .................... $NZ 640,000 $NZ 580,000 $NZ 520,000 $NZ 440,000 $NZ 400,000$NZ stands for New Zealand dollars.Required:1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for…
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,546,750 $4,760,520 $5,009,460 $5,429,040 $5,695,160 $ $ 2$ 2$ 87,970 513,073 895,198 $ 73,368 572,803 907,666 Cash 90,291 401,499 815,059 95,951 417,195 869,228 92,001 448,219 832,208 Accounts receivable, net Inventory Total current assets $1,306,849 $1,382,374 $1,372,428 $1,496,241 $1,553,837 Current liabilities $ 318,258 $ 335,298 $ 335,856 $ 325,402 $ 399,778 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 Year 2 Year 3 Year 4 Year 5 Sales % % % % % Current assets: Cash Accounts receivable Inventory Total current…
Analyze and compare Clorox and Procter & Gamble The Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions): Clorox Procter & Gamble Interest expense $88 $579 Income before income tax expense 983 13,369 a. Compute the times interest earned for each company. Round to one decimal place. Clorox: fill in the blank 1 Procter & Gamble: fill in the blank 2 b. If you were a lender to these two companies, which one appears to have the greater coverage of interest expense and thus the greater protection for your loan interest?
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: Year 1 Year 2. Year 3 $ 5,109,920 Year 4 $5,426,160 Sales Cash $ 4,913,430 $ 107,166 418,831 872,823 $ 4,517,760 $ 84,222 404,401 613,759 $ 1,302,382 $314,605 Accounts receivable, net $ 96,378 433,712 823,556 Year 5 $ 5,678,400 $67,491 577,175 896,962 $ 80,729 510,535 897,844 Inventory Total current assets $ 1,541,628 $ 1,398,820 $ 345,031 $ 1,353,646 $ 329,686 $1,489,108 $ 334,022 current liabilities: $ 394,277 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 Year 2 Year 3 Year 4 Year 5 Sales % Current assets Cash Accounts receivable, not Inventory Total current assets Current…
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Payton Company has the following segment revenues for the two most recent fiscal years. Segment Current Year (in millions) Prior Year (in millions) China $770 $650 Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. Payton Company Vertical Analysis Current Year Prior Year Current Year Percent Prior Year Segment Amount Amount Percent (in millions) (in millions) China $770 $650 % Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Previous Next