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
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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).)
Transcribed Image Text: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).)
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).)
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Year 1
%
%
%
%
%
%
Year 2
%
%
%
%
%
%
Year 3
%
%
%
%
%
%
Year 4
%
%
%
%
%
%
Year 5
%
%
%
%
%
%
Transcribed Image Text: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).) Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 2 % % % % % % Year 3 % % % % % % Year 4 % % % % % % Year 5 % % % % % %
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