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:Year 1Year 2.Year 3$ 5,109,920Year 4$5,426,160SalesCash$ 4,913,430$ 107,166418,831872,823$ 4,517,760$ 84,222404,401613,759$ 1,302,382$314,605Accounts receivable, net$ 96,378433,712823,556Year 5$ 5,678,400$67,491577,175896,962$ 80,729510,535897,844InventoryTotal current assets$ 1,541,628$ 1,398,820$ 345,031$ 1,353,646$ 329,686$1,489,108$ 334,022current liabilities:$ 394,277Required: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 1Year 2Year 3Year 4Year 5Sales%Current assetsCashAccounts receivable, notInventoryTotal current assetsCurrent liabilities%%%%%%%%%%%1%%%%%1%%%%%%%%%%%%

Formula to be used to find the Trend Percentage: Trend Percentage =( Year (any) - Year (base))/Year…

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: Year 2. Year Year 5 Year 4 $5,426,160 Sales $ 5,678,400 Cash Year 1 $4,517,760 $84,222 404,401 813,759 $ 4,913,430 $ 107,166 418,831 872,823 $1,398,820 $ 345,031 $ 5,109,920 $ 96,378 433,712 823,556 Accounts receivable, net Inventory $ 80,729 510,535 897,844 $ 67,491 577,175 896,962 Total current assets $ 1,353,646 $ 1,541,628 $ 1,302,382 $ 314,605 $ 1,489,108 $334,022 Current liabilities $ 394,277 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilites % % % % % % % % % % % % % % % % % % % % % % %

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: Year 2. Year Year 5 Year 4 $5,426,160 Sales $ 5,678,400 Cash Year 1 $4,517,760 $84,222 404,401 813,759 $ 4,913,430 $ 107,166 418,831 872,823 $1,398,820 $ 345,031 $ 5,109,920 $ 96,378 433,712 823,556 Accounts receivable, net Inventory $ 80,729 510,535 897,844 $ 67,491 577,175 896,962 Total current assets $ 1,353,646 $ 1,541,628 $ 1,302,382 $ 314,605 $ 1,489,108 $334,022 Current liabilities $ 394,277 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilites % % % % % % % % % % % % % % % % % % % % % % %

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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