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).)
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
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3MAD: Deere Company (DE) manufactures and distributes farm and construction machinery that it sells...
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