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: Year 2 $ 4,625,370 $ 4,764,460 Year 4 $ 5,130,760 $ 5,456,550 $ 5,735,260 $ 79,790 500,940 887,176 Year 1 Year 3 Year 5 Sales $ 86,824 406,629 819,170 $ 1,312,623 $ 99,665 428,795 865,429 $ 84,918 446,713 831,348 $ 77,971 570,061 912,215 Cash Accounts receivable, net Inventory Total current assets $ 1,393,889 $ 1,362,979 $ 1,467,906 $ 1,560,247 Current liabilities $ 310,884 $ 333,797 $ 325,392 $ 328,830 $ 396,587 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).)
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: Year 2 $ 4,625,370 $ 4,764,460 Year 4 $ 5,130,760 $ 5,456,550 $ 5,735,260 $ 79,790 500,940 887,176 Year 1 Year 3 Year 5 Sales $ 86,824 406,629 819,170 $ 1,312,623 $ 99,665 428,795 865,429 $ 84,918 446,713 831,348 $ 77,971 570,061 912,215 Cash Accounts receivable, net Inventory Total current assets $ 1,393,889 $ 1,362,979 $ 1,467,906 $ 1,560,247 Current liabilities $ 310,884 $ 333,797 $ 325,392 $ 328,830 $ 396,587 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).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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