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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![Exercise 16-7 (Algo) Trend Percentages [L016-1]
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 1
Year 2
Year 3
Year 4
Year 5
$ 5,456,550
$ 4,625,370
$ 86,824
406,629
819,170
$ 1,312,623
$ 5,735,260
$ 77,971
570,061
Sales
$ 4,764,460
$ 5,130,760
$ 99,665
428,795
865,429
$ 84,918
446,713
831,348
$ 79,790
500,940
887,176
$ 1,467,906
Cash
Accounts receivable, net
Inventory
912,215
Total current assets
$ 1,393,889
$ 1,362,979
$ 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).)
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
%
%
%
%
%
Current assets:
Cash
%
%
%
Accounts receivable, net
%
%
%
Inventory
%
%
%
Total current assets
%
%
%
Current liabilities
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a9cdb11-f1e5-4f12-9bde-49e90ee0952d%2F8b3f9351-b9a1-4552-81ae-b21650c658f9%2Fd7mmk15_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 16-7 (Algo) Trend Percentages [L016-1]
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 1
Year 2
Year 3
Year 4
Year 5
$ 5,456,550
$ 4,625,370
$ 86,824
406,629
819,170
$ 1,312,623
$ 5,735,260
$ 77,971
570,061
Sales
$ 4,764,460
$ 5,130,760
$ 99,665
428,795
865,429
$ 84,918
446,713
831,348
$ 79,790
500,940
887,176
$ 1,467,906
Cash
Accounts receivable, net
Inventory
912,215
Total current assets
$ 1,393,889
$ 1,362,979
$ 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).)
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
%
%
%
%
%
Current assets:
Cash
%
%
%
Accounts receivable, net
%
%
%
Inventory
%
%
%
Total current assets
%
%
%
Current liabilities
%
%
%
%
%
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