Oo.99.9Subject :- Account 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 assets.Current liabilitiesSalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1%%96***Required:1. Express all of the asset, llability, 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).)96%%6Year 1$ 4,586,510$ 91,795402,330819,761$ 1,313,886$ 305,009Year 2%*****%%Year 2$ 4,919,010$ 101,313417,185868,933$ 1,387,431$ 344,140Year 396****%696%%6Year 3$ 5,037,150Year 4$ 84,399438,583.830,805$ 1,353,787$ 325,66796%L9696%96Year 5%6Year 4$ 5,484,960%696%696$ 82,979514,088883,266$ 1,480,333$ 320,687Year 5$ 5,771,600$ 66,607575, 156897,556$ 1,539,319$ 403,433

The percentage of sales approach is a kind of forecasting tool that generates financial projections…

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 $ 4,586,510 $ 91,795 402,330 819,761 $ 1,313,886 $ 305,009 Year 2 $ 4,919,010 $ 101,313 417,185 868,933 $ 1,387,431 $ 344,148 Year 3 $ 5,037,150 $ 84,399 438,583 830,805 $ 1,353,787 $ 325,667 Year 4 $ 5,484,960 $ 82,979 514,088 883,266 $ 1,480,333 $ 320,687 Year 5 $ 5,771,600 $ 66,607 575,156 897,556 $ 1,539,319 $ 403,433 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 (l.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 $ 4,586,510 $ 91,795 402,330 819,761 $ 1,313,886 $ 305,009 Year 2 $ 4,919,010 $ 101,313 417,185 868,933 $ 1,387,431 $ 344,148 Year 3 $ 5,037,150 $ 84,399 438,583 830,805 $ 1,353,787 $ 325,667 Year 4 $ 5,484,960 $ 82,979 514,088 883,266 $ 1,480,333 $ 320,687 Year 5 $ 5,771,600 $ 66,607 575,156 897,556 $ 1,539,319 $ 403,433 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 (l.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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