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

See similar textbooks

Similar questions

A) i. The following data were extracted from the financial statements of Zinc Incorporated. Assuming the year has 365 days, calculate the operating cycle and cash conversion cycle of Zinc Inc. Annual credit sales - $70,000 Annual cost of goods sold = $42,500 Inventory = $7,500 Accounts receivable = $4,800 Accounts payable= $4,000 II). Discuss three important ways in which the CCC could be reduced.
Dineshbhai
Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt.) Plastics $6,870 a. Revenue test: 163 0 0 4,354 83 1,567 94 Metals $2,419 186 41 0 1,832 38 3,261 416 0 Lumber $ 746 151 28 0 1,136 73 589 0 0 Ecru does not allocate its $1,360,000 in common expenses to the various segments. " Perform testing procedures to determine Ecru's reportable operating segments. Paper Finance $ 457 $0 163 0 0 689 20 836 70 0 0 49 214 38 109 214 0 719
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 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,629,850 $ 4,882,820 $ 5,051,360 $ 5,561,430 $ 5,779,850 Cash $ 92,281 $ 100,754 $ 100,089 $ 88,760 $ 74,387 Accounts receivable, net 400,699 434,827 445,236 507,424 568,470 Inventory 805,036 874,663 822,264 897,114 903,388 Total current assets $ 1,298,016 $ 1,410,244 $ 1,367,589 $ 1,493,298 $ 1,546,245 Current liabilities $ 317,424 $ 340,337 $ 332,468 $ 321,672 $ 391,861 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).)
Rotorua Products sells agricultural products in the burgeoning Asian 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 1 100.0 Year 1 $ 4,513,330 $ 86,858 414,137 805,814 $ 1,306,809 100.0 100.0 100.0 100.0 100.0 % Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3). % % Year 2 $ 4,867,400 $ 97,107 423,798 880,974 $ 1,401,879 $ 318,689 $ 335,942 % % % X Answer is not complete. Year 2 Year 3 $ 5,101,490 $ 88,212 447,360 824,047 $ 1,359,619 $ 324,994 % % % % % % Year 3 % % % % Year 5 Year 4 $5,485,330 $ 5,648,040 % % $ 91,910 507,318 894,402 $…
26-The remainder of the income statement accounts at the end of the 202nd year of our business are as follows: Remaining Receivable of 600 Domestic Sales Account: 750,000 TL Remaining Receivable of 601 Foreign Sales Account: 280.000 TL 621 Cost of Goods Sold Account Debit: 490.000 TL 632 General Administrative Expenses Account Debit Remaining: 75.000 TL 642 Interest Income Hs. Remaining Account Receivable: 40.000 TL Remaining Receivable of 649 Other Ordinary Income and Profits Account: 20.000 TL Debt Remainder of 660 Short-Term Borrowing Expenses Account: 66.000 TL Expenditures that are not legally accepted are 36.000 TL, tax exempt income is 15.000 TL, and the corporate tax rate is 22%. How much is the amount of the financial profit of the business? a) 480.000 TL B) 1.090.000 TL NS) 495.000 TL D) 631.000 TL TO) 459,000 TL
The following ratios are available for agricultural chemical competitors Potash Corporation of Saskatchewan(PotashCorp) and Agrium from a recent year PotashCorp Agrium Liquidity Current Ratio 1.1:1 2.1:1 Acid-test 0.8:1 1.2:1 Receivables turnover 10.7 times 8.3 times Inventory turnover 6.8 times 4.1 times Oeprating cycle 88 days 133 days Solvency Debt to total assets 36.6% 26.9% Interest coverage 18.3 times 63.1 times Profitability Gross profit margin 49.20% 28.00% Profit margin 35.40% 9.80% Asset turnover 0.6 times 1.2 times Return on assets 19.40% 11.60% Return on equity 42.40% 25.90% a) Which company is more liquid? Explain your answer. b) Which company is more solvent? Explain your answer. c) Which company is…
Payton Company has the following segment revenues for the two most recent fiscal years. Segment China Canada Other countries Total revenues Segment Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. China Canada Other countries Current Year (in millions) $745 339 211 $1,295 Total revenues Payton Company Vertical Analysis Current Year Amount (in millions) $745 339 211 $1,295 Current Year Percent % Prior Year (in millions) $660 244 166 $1,070 % Prior Year Amount (in millions) $660 244 166 $1,070 Prior Year Percent % %
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 72 $ 358 Receivables (net) 1,942 1,788 Merchandise inventory 900 956 Other current assets 303 259 Total current assets $3,217 $3,361 Total current liabilities $1,601 $1,635 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) Beginning of Year End of Year Working capital $ enter a dollar amount $ enter a dollar amount Current ratio enter current ratio rounded to 2 decimal places :1 enter current ratio rounded to 2 decimal places :1
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumermarket. The company’s current assets, current liabilities, and sales have been reported as follows over thelast five years (Year 5 is the most recent year):Year 5 Year 4 Year 3 Year 2 Year 1Sales ...................................... $NZ2,250,000 $NZ2,160,000 $NZ2,070,000 $NZ1,980,000 $NZ1,800,000Cash ...................................... $NZ 30,000 $NZ 40,000 $NZ 48,000 $NZ 65,000 $NZ 50,000Accounts receivable, net ....... 570,000 510,000 405,000 345,000 300,000Inventory ................................ 750,000 720,000 690,000 660,000 600,000Total current assets ............... $NZ1,350,000 $NZ1,270,000 $NZ1,143,000 $NZ1,070,000 $NZ 950,000Current liabilities .................... $NZ 640,000 $NZ 580,000 $NZ 520,000 $NZ 440,000 $NZ 400,000$NZ stands for New Zealand dollars.Required:1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for…
Pul Company has the following details: Sales (60% is on credit) 1,500,000 Cost of Goods Sold (40% of credit sales) Year1: Year 2: Inventory 300,000 250,000 Accounts Payable 90,000 105,000 Total Assets 1,000,000 850,000 Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratio
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,546,750 $4,760,520 $5,009,460 $5,429,040 $5,695,160 $ $ 2$ 2$ 87,970 513,073 895,198 $ 73,368 572,803 907,666 Cash 90,291 401,499 815,059 95,951 417,195 869,228 92,001 448,219 832,208 Accounts receivable, net Inventory Total current assets $1,306,849 $1,382,374 $1,372,428 $1,496,241 $1,553,837 Current liabilities $ 318,258 $ 335,298 $ 335,856 $ 325,402 $ 399,778 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 Inventory Total current…