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 Required: Year 1 $ 4,516,700 Year 2 $ 4,891,380 $192,442 415,292 816,287 $ 1,324,021 $ 94,227 420,925 873,572 Year 3 $ 5,069,720 $ 100,844 434,820 824,578 $ 1,388,724 $ 1,360,242 $ 316,103 $ 349,415 $ 326,555 Year 4 $ 5,579,320 $ 87,258 507,069 897,650 $ 1,491,977 $ 333,242 Year 5 $ 5,672,680 $ 80,573 561,342 901,388 $ 1,543,303 $ 397,018 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).)

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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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:
Sales
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Required:
Year 1
$ 4,516,700
Year 2
$ 4,891,380
$192,442
415,292
816,287
$ 1,324,021
$ 94,227
420,925
873,572
Year 3
$ 5,069,720
$ 100,844
434,820
824,578
$ 1,388,724
$ 1,360,242
$ 316,103
$ 349,415
$ 326,555
Year 4
$ 5,579,320
$ 87,258
507,069
897,650
$ 1,491,977
$ 333,242
Year 5
$ 5,672,680
$ 80,573
561,342
901,388
$ 1,543,303
$ 397,018
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).)
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 Required: Year 1 $ 4,516,700 Year 2 $ 4,891,380 $192,442 415,292 816,287 $ 1,324,021 $ 94,227 420,925 873,572 Year 3 $ 5,069,720 $ 100,844 434,820 824,578 $ 1,388,724 $ 1,360,242 $ 316,103 $ 349,415 $ 326,555 Year 4 $ 5,579,320 $ 87,258 507,069 897,650 $ 1,491,977 $ 333,242 Year 5 $ 5,672,680 $ 80,573 561,342 901,388 $ 1,543,303 $ 397,018 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).)
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