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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 Required: Year 1 $ 4,571,850 $ 4,901,350 $4,950,780 $5,542,180 $5,735,090 $ 92,965 407,502 818,865 Year 2 Year 3 Year 4 Year 5 $ 106,710 420,323 877,569 $ 88,415 447,564 816,293 $ 90,211 496,525 883,771 $ 72,310 560,414 910,469 $ 1,319,332 $ 1,404,602 $ 1,352,272 $1,470,507 $1,543,193 $ 300,166 $ 348,538 $ 327,782 $ 335,229 $ 390,797 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %

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 Required: Year 1 $ 4,571,850 $ 4,901,350 $4,950,780 $5,542,180 $5,735,090 $ 92,965 407,502 818,865 Year 2 Year 3 Year 4 Year 5 $ 106,710 420,323 877,569 $ 88,415 447,564 816,293 $ 90,211 496,525 883,771 $ 72,310 560,414 910,469 $ 1,319,332 $ 1,404,602 $ 1,352,272 $1,470,507 $1,543,193 $ 300,166 $ 348,538 $ 327,782 $ 335,229 $ 390,797 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %

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 Required: Year 1 $ 4,571,850 $ 4,901,350 $4,950,780 $5,542,180 $5,735,090 $ 92,965 407,502 818,865 Year 2 Year 3 Year 4 Year 5 $ 106,710 420,323 877,569 $ 88,415 447,564 816,293 $ 90,211 496,525 883,771 $ 72,310 560,414 910,469 $ 1,319,332 $ 1,404,602 $ 1,352,272 $1,470,507 $1,543,193 $ 300,166 $ 348,538 $ 327,782 $ 335,229 $ 390,797 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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 Required: Year 1 $ 4,571,850 $ 4,901,350 $4,950,780 $5,542,180 $5,735,090 $ 92,965 407,502 818,865 Year 2 Year 3 Year 4 Year 5 $ 106,710 420,323 877,569 $ 88,415 447,564 816,293 $ 90,211 496,525 883,771 $ 72,310 560,414 910,469 $ 1,319,332 $ 1,404,602 $ 1,352,272 $1,470,507 $1,543,193 $ 300,166 $ 348,538 $ 327,782 $ 335,229 $ 390,797 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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