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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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,600,930 $ 98,114 405,690 812,869 $ 1,316,673 $316,283 % % % % % Year 2 % % % % % % Year 2 $4,875,140 $ 104,466 433,001 879,367 $1,416,834 $ 345,695 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 3 % % % % % Year 3 $ 5,089,390 Year 4 $ 90,477 435,954 820,998 $ 1,347,429 $333, 359 % % % % % % Year 4 $ 5,571,960 Year 5 $ 79,742 511,517 898,292 $ 1,489,551 $ 333,566 Year 5 $ 5,758, 198 % % % % % $77,103 577,171 911,095 $1,565,369 $ 406,825

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 $ 4,600,930 $ 98,114 405,690 812,869 $ 1,316,673 $316,283 % % % % % Year 2 % % % % % % Year 2 $4,875,140 $ 104,466 433,001 879,367 $1,416,834 $ 345,695 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 3 % % % % % Year 3 $ 5,089,390 Year 4 $ 90,477 435,954 820,998 $ 1,347,429 $333, 359 % % % % % % Year 4 $ 5,571,960 Year 5 $ 79,742 511,517 898,292 $ 1,489,551 $ 333,566 Year 5 $ 5,758, 198 % % % % % $77,103 577,171 911,095 $1,565,369 $ 406,825

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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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 % % % % % % Year 1 $ 4,600,930 $ 98,114 405,690 812,869 $ 1,316,673 $316,283 Year 2 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 2 $ 4,875,140 $ 104,466 433,001 879,367 $ 1,416,834 $ 345,695 Year 3 % % % % % % Year 3 $ 5,089,390 Year 4 $ 90,477 435,954 820,998 $ 1,347,429 $ 333,359 % % % % % % Year 4 $ 5,571,960 $ 79,742 511,517 898,292 $ 1,489,551 $ 333,566 Year 5 Year 5 $ 5,758,190 % % % % % $ 77,103 577,171 911,095 $1,565,369 $ 406,825
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 % % % % % % Year 1 $ 4,600,930 $ 98,114 405,690 812,869 $ 1,316,673 $316,283 Year 2 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 2 $ 4,875,140 $ 104,466 433,001 879,367 $ 1,416,834 $ 345,695 Year 3 % % % % % % Year 3 $ 5,089,390 Year 4 $ 90,477 435,954 820,998 $ 1,347,429 $ 333,359 % % % % % % Year 4 $ 5,571,960 $ 79,742 511,517 898,292 $ 1,489,551 $ 333,566 Year 5 Year 5 $ 5,758,190 % % % % % $ 77,103 577,171 911,095 $1,565,369 $ 406,825
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