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 % % % % %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3MAD: Deere Company (DE) manufactures and distributes farm and construction machinery that it sells...
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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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