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 assetsCurrent liabilities.Year 1Year 2$4,639,470 $4,900,560$ 94,874407,463814,040Year 3$4,966,640$ 98,489425,592879,576$ 88,269441,540827,323$1,316,377 $ 1,403,657 $ 1,357,132$ 306,930 $333,191 $ 333,107Year 4Year 5$5,589,280 $ 5,687,010$ 74,298574,073$ 81,177499,839887,027900, 720$1,468,043 $ 1,549,091$ 331,411 $ 398,662 Required: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).)SalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1%%%%%%Year 2%%%%%%Year 3%%%%%%Year 4%%%%%Year 5%%%%%

Trend Analysis is a computation of trends for more than one financial year. Under this analysis…

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

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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