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 assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1Year 1$ 4,605,600$ 83,426413,503802, 156$ 1,299,085$ 314,805%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 2$ 4,920,740$ 105,450435, 011871,917$ 1,412,378$ 330, 231Year 2%%%%%%Year 3Year 4$ 5,004,600 $ 5,558,710$ 85,000 $ 78,108438,770510, 443826,498890, 227$ 1,350, 268 $ 1,478,778$ 335,898 $319,566Year 3%%%%%%Year 4%%%%%%Year 5$ 5,658,040$ 67,095560, 356911, 365$ 1,538,816$ 395,562Year 5%%%%%%

Trend analysis is one of the important tools used in decision making. Under this current year…

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 $ 4,605,600 $ 83,426 413,503 802,156 $ 1,299,085 $ 314,805 Year 2 $ 4,920,740 $ 105,450 435,011 871,917 $ 1,412,378 $ 330, 231 Year 3 Year 4 $ 5,004,600 $ 5,558,710 $ 85,000 438,770 826,498 $ 1,350,268 $ 335,898 $ $78,108 510, 443 890, 227 1,478,778 $ 319,566 Year 5 $ 5,658,040 $ 67,095 560, 356 911, 365 $ 1,538,816 $ 395,562

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 $ 4,605,600 $ 83,426 413,503 802,156 $ 1,299,085 $ 314,805 Year 2 $ 4,920,740 $ 105,450 435,011 871,917 $ 1,412,378 $ 330, 231 Year 3 Year 4 $ 5,004,600 $ 5,558,710 $ 85,000 438,770 826,498 $ 1,350,268 $ 335,898 $ $78,108 510, 443 890, 227 1,478,778 $ 319,566 Year 5 $ 5,658,040 $ 67,095 560, 356 911, 365 $ 1,538,816 $ 395,562

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 $ 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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