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).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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B
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).)
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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