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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 assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % Year 1 $ 4,589,420 $ 87,158 408,097 810, 149 $ 1,305,404 $ 302,959 % % % 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 % % % % % % Year 2 $4,861, 180 $ 104,327 425,444 883,021 $ 1,412,792 $ 343,389 Year 3 % % % % % % Year 3 $ 5,112,420 $ 103,319 445,501 820,854 $ 1,369,674 $ 326,024 Year 4 % % % % Year 4 $ 5,526,840 Year 5 $ 75,899 506,294 883,415 $1,465,608 $ 334,709 % % Year 5 $ 5,811,510 $67,943 578,516 899,752 % % % $1,546,211 $397,655

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: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % Year 1 $ 4,589,420 $ 87,158 408,097 810, 149 $ 1,305,404 $ 302,959 % % % 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 % % % % % % Year 2 $4,861, 180 $ 104,327 425,444 883,021 $ 1,412,792 $ 343,389 Year 3 % % % % % % Year 3 $ 5,112,420 $ 103,319 445,501 820,854 $ 1,369,674 $ 326,024 Year 4 % % % % Year 4 $ 5,526,840 Year 5 $ 75,899 506,294 883,415 $1,465,608 $ 334,709 % % Year 5 $ 5,811,510 $67,943 578,516 899,752 % % % $1,546,211 $397,655

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 assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 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 $ 4,589,420 $ 87,158 408,097 810,149 $ 1,305,404 $ 302,959 % Year 2 % % % % % % Year 2 $4,861, 180 $ 104,327 425,444 883,021 $ 1,412,792 $ 343,389 Year 3 % % % % % % Year 3 $ 5,112,420 $ 103,319 445,501 820,854 $ 1,369,674 $ 326,024 Year 4 % % ** % % % % Year 4 $ 5,526,840 Year 5 $ 1,465,608 $ 334,709 $ 75,899 506,294 883,415 % % % % % Year 5 $5,811,510 $67,943 578,516 899,752 $ 1,546,211 $ 397,655
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 assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 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 $ 4,589,420 $ 87,158 408,097 810,149 $ 1,305,404 $ 302,959 % Year 2 % % % % % % Year 2 $4,861, 180 $ 104,327 425,444 883,021 $ 1,412,792 $ 343,389 Year 3 % % % % % % Year 3 $ 5,112,420 $ 103,319 445,501 820,854 $ 1,369,674 $ 326,024 Year 4 % % ** % % % % Year 4 $ 5,526,840 Year 5 $ 1,465,608 $ 334,709 $ 75,899 506,294 883,415 % % % % % Year 5 $5,811,510 $67,943 578,516 899,752 $ 1,546,211 $ 397,655
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