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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 $ 4,586,510 $ 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
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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Subject :- Account 

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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 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 answers to 1 decimal place (I.e., 0.1234 should be entered as 12.3).) 96 % %6 Year 1 $ 4,586,510 $ 91,795 402,330 819,761 $ 1,313,886 $ 305,009 Year 2 % ***** % % Year 2 $ 4,919,010 $ 101,313 417,185 868,933 $ 1,387,431 $ 344,140 Year 3 96 **** %6 96 % %6 Year 3 $ 5,037,150 Year 4 $ 84,399 438,583. 830,805 $ 1,353,787 $ 325,667 96 % L 96 96 % 96 Year 5 %6 Year 4 $ 5,484,960 %6 96 %6 96 $ 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
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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 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 answers to 1 decimal place (I.e., 0.1234 should be entered as 12.3).) 96 % %6 Year 1 $ 4,586,510 $ 91,795 402,330 819,761 $ 1,313,886 $ 305,009 Year 2 % ***** % % Year 2 $ 4,919,010 $ 101,313 417,185 868,933 $ 1,387,431 $ 344,140 Year 3 96 **** %6 96 % %6 Year 3 $ 5,037,150 Year 4 $ 84,399 438,583. 830,805 $ 1,353,787 $ 325,667 96 % L 96 96 % 96 Year 5 %6 Year 4 $ 5,484,960 %6 96 %6 96 $ 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
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