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 Year 1 Year 2 Year 3 Year 4 Year $ 4,521,520 $ 96,937 402, 204 802, 345 $1,301,486 $ 4,809,930 $ 102,668 423,537 870, 787 $ 1,396,992 $ 5,011,350 $ 100, 106 442,663 827, 847 $5,445,280 $ 83,570 512,610 893,434 $1,489,614 $ 5,79 $7 57 90 $1,55 Cash Accounts receivable, net Inventory Total current assets $1,370,696 Current liabilities $ 302, 591 $ 334,482 $ 326, 326 $ 329,322 $ 39 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, net Inventory Tatal eurent aeeate

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 Year 1 Year 2 Year 3 Year 4 Year $ 4,521,520 $ 96,937 402, 204 802, 345 $1,301,486 $ 4,809,930 $ 102,668 423,537 870, 787 $ 1,396,992 $ 5,011,350 $ 100, 106 442,663 827, 847 $5,445,280 $ 83,570 512,610 893,434 $1,489,614 $ 5,79 $7 57 90 $1,55 Cash Accounts receivable, net Inventory Total current assets $1,370,696 Current liabilities $ 302, 591 $ 334,482 $ 326, 326 $ 329,322 $ 39 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, net Inventory Tatal eurent aeeate

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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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…
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