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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 i Inventory Total current assets Current liabilities Sales Current assots Cash Accounts receivable, net Inventory Total current assets) Current liabilities Year 1 N % % N % % Year 1 $4,500,900 $ 92,978 413,564 801,867 $ 1,308,409 $ 309,146 Year 2 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 2 $ 4,805,550 $ 88,532 425,701 875,173 $1,309,406. $ 330,076 Year 3 % % % % % % Year 3 $5,005,870 $ 103,135 445,477 835,609 $ 1,384,221 $337,681 Year 4 % 1 % % % Year 4 $ 5,572,960 Year 6 $79,393 508,536 892,960 $1,400,009 $ 323,718 S % N Year 5 $5,736,410 196 $ 66,579 562,304 914,542 $ 1,543,425 $ 391,201

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 i Inventory Total current assets Current liabilities Sales Current assots Cash Accounts receivable, net Inventory Total current assets) Current liabilities Year 1 N % % N % % Year 1 $4,500,900 $ 92,978 413,564 801,867 $ 1,308,409 $ 309,146 Year 2 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 2 $ 4,805,550 $ 88,532 425,701 875,173 $1,309,406. $ 330,076 Year 3 % % % % % % Year 3 $5,005,870 $ 103,135 445,477 835,609 $ 1,384,221 $337,681 Year 4 % 1 % % % Year 4 $ 5,572,960 Year 6 $79,393 508,536 892,960 $1,400,009 $ 323,718 S % N Year 5 $5,736,410 196 $ 66,579 562,304 914,542 $ 1,543,425 $ 391,201

FINANCIAL ACCOUNTING
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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assots Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 4 % % 1% 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 $4,500,980 $ 92,978 413,564 801,867 $ 1,308,409 $ 309,146 Year 2 % % % % % % Year 2 $4,805,550 $ 88,532 425,701 875,173 $1,309,406 $ 330,076 Year 3 % % % % % 1% Year 3 $ 5,005,870 $ 103,135 445,477 835,609 $ 1,384,221 $ 337,681 Year 4 % % % 1% % Year 4. $ 5,572,960 $ 79,391 508,536 892,960 $1,480,009 $ 323,718 Year 5 % S % Year 5 $5,736,410 N % $ 66,579 562,304 914,542 $ 1,543,425 $ 391,201
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 Sales Current assots Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 4 % % 1% 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 $4,500,980 $ 92,978 413,564 801,867 $ 1,308,409 $ 309,146 Year 2 % % % % % % Year 2 $4,805,550 $ 88,532 425,701 875,173 $1,309,406 $ 330,076 Year 3 % % % % % 1% Year 3 $ 5,005,870 $ 103,135 445,477 835,609 $ 1,384,221 $ 337,681 Year 4 % % % 1% % Year 4. $ 5,572,960 $ 79,391 508,536 892,960 $1,480,009 $ 323,718 Year 5 % S % Year 5 $5,736,410 N % $ 66,579 562,304 914,542 $ 1,543,425 $ 391,201
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