Subject : Accounting' Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company'scurrent assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent LiabilitiesSainsCurrent assetsCashAccounts receivable, notInventoryTotal current assetsCurrent liabilitiesYear 1%%%%%Year 1$4,596,870$ 90,279410,241809,761$ 1,310,281$ 318,335Year 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 answersto 1 decimal place (i.e., 0.1234 should be entered as 12.3).)%%%%%Year 2$ 4,787,970$ 91,295428,666883,260$ 1,403,221$ 349,053Year 3%%%%%%Year 3$ 5,063,230Year 4$ 102,261442,499828,710$ 1,373,470$325,486%%%%%%Year 4$ 5,540,660Year 5$ 88,095$10,346884,094$1,482,535$ 320,200%%Year 5$ 5,710,800%%%%$ 79,005566,950901,302$ 1,547,257$ 396,775

Introduction:- Trend analysis is a statistical technique used to identify patterns and changes in…

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. Year 1 $4,596,870 $ 90,279 410,241 809,761 $1,310,281 $ 318,335 Year 2 $ 4,787,970 $ 91,295 428,666 883,260 $ 1,403,221 $ 349,053 Year 3 $ 5,063,230 $ 102,261 442,499 828,710 $1,373,470 $ 325,486 Year 4 $ 5,540,660 $ 88,095 510,346 884,094 $ 1,482,535 $ 320,200 Year 5 $5,710,800 $ 79,005 566,950 901,302 $ 1,547,257 $ 396,775 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: Sales Cash Accounts receivable, net Inventory Total current assets Current Liabilities. Year 1 $4,596,870 $ 90,279 410,241 809,761 $1,310,281 $ 318,335 Year 2 $ 4,787,970 $ 91,295 428,666 883,260 $ 1,403,221 $ 349,053 Year 3 $ 5,063,230 $ 102,261 442,499 828,710 $1,373,470 $ 325,486 Year 4 $ 5,540,660 $ 88,095 510,346 884,094 $ 1,482,535 $ 320,200 Year 5 $5,710,800 $ 79,005 566,950 901,302 $ 1,547,257 $ 396,775 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).)

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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