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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
$ 4,568,400
$ 85,225
406,458
818,889
$ 1,310,572
$ 313,578
Year 2
$ 4,887,590
$ 100,002
433,190
865,777
$ 1,398,969
$ 338,143
Year 3
$ 5,076,340
$ 100,571
438,649
829,920
$ 1,369,140
$ 335,245
Year 4
$ 5,456,050
$ 73,608
508,466
881,416
$ 1,463,490
$ 325,813
Year 5
$ 5,643,230
$ 76,493
561,257
899,162
$ 1,536,912
$ 409,310
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).)
Sales
Year 1
Year 2
Year 3
Year 4
Year 5
%
%
%
%
%
Current assets:
Cash
%
%
%
%
%
Accounts receivable, net
%
%
%
%
%
Inventory
%
%
%
%
%
Total current assets
%
%
%
%
%
Current liabilities
%
%
%
%
%
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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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