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 4 Year 5. $5,589,280 $5,687,010 Year 11 $4,639,470 $ 94,874 407,463 814,040 Year 2 Year 3 $4,900,560 $4,966,640 $ 98,489 $ 88,269 425,592 879,576 $ 74,298 $ 81,177 499,839 887,027 441,540 827,323 574,073 900,720 $1,316,377 $1,403,657 $ 1,357,132 $ 1,468,043 $ 1,549,091 $ 306,930 $ 333,191 $333,107 $ 331,411 $ 398,662
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 4 Year 5. $5,589,280 $5,687,010 Year 11 $4,639,470 $ 94,874 407,463 814,040 Year 2 Year 3 $4,900,560 $4,966,640 $ 98,489 $ 88,269 425,592 879,576 $ 74,298 $ 81,177 499,839 887,027 441,540 827,323 574,073 900,720 $1,316,377 $1,403,657 $ 1,357,132 $ 1,468,043 $ 1,549,091 $ 306,930 $ 333,191 $333,107 $ 331,411 $ 398,662
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 81E
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