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 liabilitiesRequired:Year 1$ 4,548,980$ 82,589410,786806,443Year 2$ 4,755,810$ 93,385417,423868,048$ 1,299,818$ 310,793$ 1,378,856$339,442Year 3$ 4,966,720$ 90,024437,100834,641$ 1,361,765$ 326,807Year 4$ 5,456,950$ 84,111509,915889,506$ 1,483,532$ 332,388Year 5$ 5,626,630$ 67,381572,634900,557$ 1,540,572$ 403,3711. 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).)SalesYear 1Year 2Year 3Year 4Year 5%%%%%Current assets:Cash%%%%%Accounts receivable, net%%%%%Inventory%%%%%Total current assets%%%%%Current liabilities%%%%%

Comparative financial statements are used to compare two or more years to understand the financial…

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 $ 4,548,980 Year 2 $ 4,755,810 $ 93,385 417,423 868,048 $ 82,589 410,786 806,443 $ 1,299,818 $ 1,378,856 $ 310,793 $ 339,442 Year 3 $ 4,966,720 $ 90,024 437,100 834,641 $ 1,361,765 $ 326,807 Year 4 $ 5,456,950 $ 84,111 509,915 889,506 $ 1,483,532 $332,388 Year 5 $ 5,626,630 $ 67,381 572,634 900,557 $ 1,540,572 $ 403,371 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 % % % % %

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 $ 4,548,980 Year 2 $ 4,755,810 $ 93,385 417,423 868,048 $ 82,589 410,786 806,443 $ 1,299,818 $ 1,378,856 $ 310,793 $ 339,442 Year 3 $ 4,966,720 $ 90,024 437,100 834,641 $ 1,361,765 $ 326,807 Year 4 $ 5,456,950 $ 84,111 509,915 889,506 $ 1,483,532 $332,388 Year 5 $ 5,626,630 $ 67,381 572,634 900,557 $ 1,540,572 $ 403,371 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

Section: Chapter Questions

Problem 1Q

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