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 $ 4,546,170 $ 87,220 414, 120 815,427 $ 1,316,767 $ 314,967 Year 2 $4,859,150 $ 101,057 422,217 879,784 $ 1,403,058 $ 338,270 Year 3 $ 5,087,880 $ 101,658 433,360 829,577 $ 1,364,595 $ 343,472 Year 4 $ 5,537,710 $ 79,868 508,434 883,998 $ 1,472,300 $ 337,060 Year 5 $ 5,747,470 $ 66,429 570,948 905,791 $ 1,543,168 $ 399,318 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 $ 4,546,170 $ 87,220 414, 120 815,427 $ 1,316,767 $ 314,967 Year 2 $4,859,150 $ 101,057 422,217 879,784 $ 1,403,058 $ 338,270 Year 3 $ 5,087,880 $ 101,658 433,360 829,577 $ 1,364,595 $ 343,472 Year 4 $ 5,537,710 $ 79,868 508,434 883,998 $ 1,472,300 $ 337,060 Year 5 $ 5,747,470 $ 66,429 570,948 905,791 $ 1,543,168 $ 399,318 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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